Property is under the 1 % rule, and your expense #'s look a bit low.

I just read about the 70% rule in this article: https://www.biggerpockets.com/renewsblog/2012/12/0...Sounds like a good rule to follow, but also need to consider timing from close to close like you said. 

Hey BPWhen looking at doing a househack on a Duplex- how do you typically apply the 2% rule and the 50% rule?

Re-accomplish a new inspection so to rule out any wrong doing.  

It also helps with the more obscure issues of "the old landlord let me pay on the 10th with late fees" or "I handle snow care (on my SFD) for a $50/mo reductions" or "so and so always provided window air conditioners in the summer".

I hadn't understood the rules yet.

If rented properly and following the 1% rule you can make very good income.

My personal home has appreciated by roughly 50% since I bought here in 2011 as well.The area is a hotbed for short term rentals as well with all of the vacation property along the beaches should you like to try your hand at that.  

As a realtor, there are likely laws in your state or ethics rules that you could be breaking, or at least blurring, by attempting to wholesale as a realtor.

View report*This link comes directly from our calculators, based on information input by the member who posted.Inland Empire, Southern California 2% rule?