Because the market is so sfr focused finding a propety that fits the 1% rule will also be difficult.

@John Wallace This is in relation to the deductibility of interest on the borrower's individual income tax return as an itemized deduction (Schedule A).If the proceeds from an equity loan are used to purchase another investment property, the interest will be deductible against rental income.We have to apply the tracing rules when determining the deductibility of interest payments.

@Joanna Lenn The general rule is that putting appreciating property (e.g. rental real estate) inside of a corporation, whether S Corp and C Corp, is a no no. 

Do you have the funds to support your niche investing?

When performing a quick preliminary screening on those websites (i.e. to exclude obvious bad deals), do you usually use the 50% rule (or similar % rule) to estimate expenses?

I reckon we just need a little support approaching our first “long flip” if you will :) We either want to be in 29407 or downtown or Folly Beach (I know we are dreaming) but we are not afraid of a challenge!

Some use the 70% rule. 

Very generalized rule of thumb, expenses usually land around 50% of gross rent.

If the deal isn't good enough to support a reasonable commission, it probably isn't really a deal.

Thank you all for making me aware of the rules in California.