I was asking with the assumption that I can at least manage the property myself, but based on the documentation they provided it seems like not if I don't have a broker license myself... 

Those numbers are arbitrary unlike taxes and insurance and they vary based on age, condition, area, landscape, PM, and other things.

Tiertiary markets can get you to 1% rules on paper but then it'll all be based on demand and tenant class.

The home was built in 2006, great neighborhood, close to the highways, close to everything new that is being built, close to a military base.

Following - I'm also based in The Bay Area 

Reason why is if you go to sell it, people are not going to comp it based on 40 year loan.

The interest being deductible is based on the use.

From there, you can research through zillow/redfin whatever but your best bet would be to find an investor/agent (I a one but based in Fort Lauderdale) who can guide you through the process.

the gentlemen I fund finds them does the due diligence and I verify based on my years of experience at development.. but keep in mind these have some risk of failure thats one reason the returns are so high..

Warner Robin's is another great market...there's  an airforce base and it's in close proximity to Macon which makes it ideal.