You do increase NOI, but not by the leaps and bounds that were predicted.I know this can be dependent on comp properties in the respective areas and what they offer in regards to their tenants, just curious if that is the only litmus test for this type of underwriting scenario.

You might start with the kool side test.

On every property I look at the numbers several ways once they pass 'Will this work' test.

Tested in different devices and networks with same result.

I was born and raised in Detroit so I know the areas very well, I just need a really good start property to get my feet wet and test the waters.

The house was not stored properly from the wholesaler/salesman and it is still in his name but he is trying to put some of the fault on me...In California I know you have to disclose any mold so we need to remediate it and have it signed off by an environmental mold test...Who is responsible for this nightmare.

I especially recommend the house hacking strategy in HCOL areas goin 2-4 units, of course in my area it is extremely difficult to make a 3-4 unit work for fha as the prices/rents don't allow you to meet self sufficiency test. 

But I've found it really hard to find triplexes and fourplexes **above** $1,000,000 that will pass the FHA self sufficiency test.

Worst case at 5k you can’t get a house and Land for 5k typically or a different view at the time was worst case it’s a big storage building, even at the price (price is what u pay value is what u get) in that viewpoint it most certainly passed the test.

The 1% rule is really just the first test to determine if you even want to run numbers.