Decent tax savings.The numbers are not accurate, just used as an example but I'd love to hear your thoughts on which route you would pursue and why?

he paid just under one million cash for his ranch I sold him in 91.. and I would venture to guess his portfolio back then was worth 30 to 40k million all free and clear and today probably north of 150 million.. so yes I think that's an accurate statement.. plenty of guys like this in the bay area though.. they just don't hang on BP  LOL 

So the taxes are "included" in the 50%.IMO, if you are solely using the 50% rule to determine your cashflow that is not an accurate method.

Good afternoon fellow BP members, What is the most accurate way without having access to MLS to determine the hot areas in a city that SFH’s are being sold?

Going to speak to a civil engineer today to determine exactly what we can build on the property so I can get an accurate calculation of the cost of the build.

So my fiance and I were hoping to make money through Wholesaling because we are just starting out and don't have a lot of money saved up, but we heard Florida is against Wholesaling if you aren't a real estate agent which neither of us are.Has anyone currently a wholesaler in Florida, or know if this is indeed accurate?

Expenses at 2% and property value at 3% should be within a percentage point or two of being accurate, but income at 5% will be difficult to pull off unless you have a sizable increase or two at some point, which may be feasible as you mentioned this may be below market rent. 

Granted, renting to pet owners is a gamble...but I would argue that renting to Humans is far more risky.

Kevin's answers are accurate.

Donna Dr area), they rent well and you'll be in better shape, facing less of the challenges that D class brings.Deal 2 is much more attractive, in my opinion, assuming your reno estimates are accurate and there are no major CapX coming up very soon.