well for starters make sure you have a accurate ARV.

California is very renter friendly so you have a fight in front of you but 45-75k relocation is in my opinion not accurate.

@Mitchell BoatmanThe BRRRR method is a great way to build equity but it takes experience, knowledge of remodeling, skills involved in estimating accurate costs when you are looking at properties so you know your all in investment post renovation, and having a team ready that can start the renovation when you buy the property. 

Assuming your #'s are accurate (namely - what it's currently worth), you have a good equity position in the property.

I am not a tax person so please consult one nor am I an attorney so check with one as well but what I can gather is that having an LLC in the state you are doing business is best because any foreign business will need to register with the state the property is in and will be subject to their laws anyway.

That should set you back about $100 and will provide accurate information on the age and estimated useful remaining life of the roof, plumbing, electrics and HVAC.

If your numbers are accurate then neither ... the margins are too thin either way ... maybe as a move in as your primary and house hack it, but even then, not enough meat on the bone to take the risk and effort for me.

That being said, how are brokers/sellers able to market the properties as accurate in terms of class? 

I'm relatively new to the real estate game and want to make sure I can claim all my expenses accurately.

It's supposed to give you access to probate filings, properties with divorces, absentee owners, foreclosures etc, etc.I would love to hear from those that have used it to see if the data is accurate and if it's helping them to find deals easier.