I'm not a rental property owner and know nothing about them, but everything I read says 1% rule... rent should be 1% of PP. at $230k with a $1500/month rent... is this even a good deal?

We like to have a two year flip going along with other flip projects, to take advantage of the two year rule as often as we can. 

If it were us and they didn't make enough income to support the property, it's end of conversation. 

a good general rule of thumb is the 1% rule.

I'm currently in the middle of getting my Real Estate Agent license and hope to have it done by end of year.i was studying my Law of Contracts material and i came across the rule (537.11) that states that agents must use TREC promulgated forms in a transaction unless the license holder (me) is acting SOLELY as principal or the principal (client) requires use of another contract and/or one prepared by an attorney.  

In 2018 Santee saw an increase into the $520-575k range for 3/2's, giving numbers that better supported doing a master suite addition. 

We have ruled that out.  

@Brad TarrySometimes 401ks have ambiguous rules @Brian Eastman discussed-make sure you understand them.

Hello BP,So these HOA board members are trying to amend the HOA rules so that the owner of each rented condominium unit needs to pay $50 more per month. 

The only way around the 1 year occupy rule is if there is an extenuating circumstance that is causing you to have you move out early.