I do work in the roofing industry and know a ton of roofing contractors which if you need a recommendation for some I have several. 

$250K ARV - $140 Purchase - $25K Rehab = $85k - $15k Commissions = $70KCarrying costs, utilities, taxes etc will lessen your profit, but it fits the (70% of ARV - Repairs) formula in terms of purchase price.Can you get it for less that $140k?

While there will always be distressed houses, motivated sellers, foreclosures, HUD homes, and even discounted retail homes, you have to watch the trends and learn how to utilize the opportunities at hand.

I will utilize your recipe to the T and will read that post you provided shortly.Todd Dexheimer: I've read around 15 books on RE in the last couple of months during my free time.  

Hayward feels more like an industrial area and does not have many areas where you would take a leisurely stroll.All that being said, although I do own a rental property in Walnut Creek and mostly invest in Sacramento, if I were to invest in the East Bay today I would pick Hayward or Pleasant Hill when considering ROI.

The ADA defines an “employer” as any person who is: Engaged in an industry affecting commerce;Employs 15 or more full-time employees each work day;For at least 20 or more calendar weeks in the year.

In other words when you switch utilities to your name once you have possession.

Revisiting this... after inspections by plumber, foundation, and AC (not a general inspector) and winning the fight to get utilities turned on, I've come up with $25k of repairs/replacements. 

I’m renting 1 room out for $950/month, condo is currently cash flow negative by ~$400/month but I don’t mind because a stipulation to my loan (VA Loan) was that I needed to live in it for one year, I’m currently paying $1650 to cover the rest but a 1 bedroom rental in this zip would be upwards of $1,800 + utilities) Currently working 3 jobs and running a small online business to save as much as possible to make my next move.

If you do try to put another house on it you will have to get utilities run plus deal with what seems like an easement for a driveway.