Juliano, i believe that everyone has an ideal vocation and career that naturally fits with their gifts and talents.  

Every state has a Department of Natural Resources or some similar name.

I currently work as a property manager and would love to create a property management company that naturally evolves from my investments. 

However, that does not apply if you are an owner managing your own property.

You'll have to see how each State Attorney General defines and applies "gouging" buying or selling anything from the norm or taking advantage of the public......usually they are more concerned with gas prices, fire sales, going out of business sales, but they can certainly touch on real estate transactions and do (usually in larger sham transactions).

There are a lot of John Jones out there so you certainly need a way to determine which John Jones is applying.

Hoped that helped...you can also find more info on the free E-book by BP written by Brandon Turnerit seems the 1% or 2% rule will not apply to california properties at all.https://www.redfin.com/CA/Lakewood/11704-205th-St-...for this property at $550k, rent would have to be $5500 to meet the 1% rule.

But my ultimate goal is to apply the buy and hold /"BRRRR"(buy,rehab,rent, refinance and repeat.)plan to Achieve my financial freedom .

This applies to both large and small investors.

It would also amend the Truth in Lending Act with respect to minimum standards for residential mortgage loans, to prohibit, in determining whether a residential mortgage loan is a qualified mortgage, from applying to loans originated by such a person certain guidelines and regulations relating to ratios of total monthly debt to monthly income.