Hence, the rules are designed to not be as easily "hacked".

You said you had an electrician there so this has probably been ruled out already but a refrigerator usually requires a dedicated circuit or as the get older and less efficient they will constantly trip the breaker when the compressor kicks on. 

It sparked my interest in the rules of doing something like this. 

The rule thumb is the greater risk, the greater the potential works.

Is there a rule of thumb for this?

When using the 50% rule, does that include vacancy and capital expenditures?

Currently appealing a zoning ruling that did not go in my favor because they could not determine the current use nor did they have to.

My first thought was to use my VA entitlement, until I ran into occupancy rules.

Fees should be clearly stated, easy to understand, and justifiable.

So for a very hypothetical and generic example:Purchase Price: $100K ($20K Down) / Closing Costs + Misc: $5K / Rehab: $10K = Total Cash of $33KIf the property rents at the 1% rule, or $1,000 month and your able to cash flow $200 month, you'd be splitting profits 60/40 let's say with your FIL.