50% rule / rent opinion inquiry

[Slavik Lund]

I don't understand the 50% rule just yet. So here is a question to see if I am handling this correctly.

I bought a 4-plex in November and inherited a lease... So unfortunately, I am stuck with this issue for now.

Building was 390k.

Apartment 2 = me
Apartment 1 = 1125
Apartment 3 = 1100
Apartment 4 = 1100

Total income = 3325
Mortgage =-2100

Leaves me with 1225.00 for utilities and expenses.

Opinions?