I am curious if anyone has come close to the 1% rule recently or if this market is purely appreciation based.

I am a Canada-based beginner buy and hold investor.

The great thing is you should always have tenants with the Army Base and steady income from the soldiers.

Based on comps, after repairs the property goes for $650k.

WalkabilityAt least based on my own personal experience, those two things can go a long way.

The guidelines permit both FHA and FHA 203k loans to be used to finance mixed use properteis as long as they are at least 51 percent residential (determined by the appraiser and calculated based on floor space). 

For electricity is this hard set based on wiring? 

You should post this on a local forum where LA based investors can chime in.

I recently made a vague 5 year plan that is based off of one of the plans from "The Book on Rental Property Investing".

See link for the new map here: New CRA Areas https://gis.columbus.gov/csir/ (Once link is opened click the drop down for ED-Housing and select Columbus Housing ERA) this will show the colored map.