If you are interested in turnkey that meet the 1% rule then I can put you in touch with someone! 

Hi @Mike SandsTo me, it seems like this is going to be a costly rehab (50-100k) with it being a shell + structural damage.

From the top to the bottom of the last crash home values in Florida dropped by over 50%.

I was always told use OE is roughly 50% of GPR as a general rule of thumb.

C class are usually mediocre construction, 50-75 years old in working class areas.

I know all the rules of thumb for residential real estate--the 1 or 2% rules for cash flow; the 50% rule for expenses; 5-10% for vacancy, capex, and property management each; $100 per door for cash flow; etc. 

The choice is yours and the more knowledgeable you are about the real estate investment, the better your chances are of getting the kind of return you would like to see.Real estate is a marketplace, and caveat emptor is a time-honored rule.

If you are using the 1% rule, then it seems this property meets that.

I am supposed to (you can tell by the wording that I am not the best at following all rules) refer all such inquiries to HR which will simply confirm the employment. 

As long as your income is less than 150k -for example if you make 50k at work and 50 k from rental income 100k gross earnings from the year you could subtract 1/27.5 years of depreciation let’s call it 50k and 30k of interest and tax so your tax able income would be 100k-80k=20k taxable income-how would being a real estate professional help me making under 150k Would appreciate any help or resources you could refer me to