Though the reality is, the cause is an easy fix and the remediation can still be done without condemning the place for tear down.

Forget about the "dream" of easy money with Real Estate investing.

Every now and then a 1%+ property comes along, but it's extremely rare.And the reason for that is because the whole 1% Test, 2% Test / Score / Rule or whatever you want to call it is designed as a metric for the rest of the county where the median home value is half of what it is in California.

It's really easy to get creative just by listening to a week of podcasts!

Easy Chris LOL I am just writing what he is shopping for and no they're no in an LLC.

It's really easy. 

You may have a different benchmark there, but it is pretty easy to see if they owe way more than the home is worth.  

It is an easy read with lots of great information.   

They pay $300K for a 3bed where they are and rent for $2200/mo, we pay $65K for a quality B class property and rent for $850-995 with rehab complete and management in place to make it hands off and as easy as buying a mutual fund, with far better control and performance.  

Just be careful not to throw the baby out with the bath water and rule out good areas.