But 70% rule is still a tough tool to use when comps arent there and thus ARV is difficult to calculate, no?

The fact that you made this post tells me what kind of client you are and I wish I had a 1,000 clients like you.     

In most markets, bringing a buyers broker for a commercial property will put your client at a big disadvantage (unless your client plans to pay your commission). 

Otis even more difficult on your first deal.

This post does not create an attorney-client or CPA-client relationship.

Larger houses can be a bit more difficult as a missed item can balloon quickly into a large overage. 

I would assume we can't buy the property if my wife is representing the client but other than that, I don't think would be any issues.

How would i attract a good client, what makes a court attractive, how do you coordinate trailers coming in/hooking up, what are appropriate rates of return, etc?

Plus, even when we move out and rent that unit as well, we would stIll need to pay $1500-2000 out of pocket, which would make it difficult to save up and grow our portfolIo So at this point if we can’t find a cheaper property in LA area, we’ll most likely start InvestIng in rental properties in Fresno or Dallas just to start building our portfolIo and continue paying rent.

And many CPAs I know, including myself, work with clients remotely all over the country.