They all have to follow the rules.

Its' not the rule but certainly common that filth grows with long term tenants.

Note local rules could be more extreme.  

I invest in a couple states and I also am a agent in new jersey. my rule of thumb for a client is when they say I'm hoping for in a sentence describing a property I dive a little deeper into there goals because it sounds like they are trying to fit a square block into a round whole.

I am within the rules of the Florida statute regarding security cameras and not recording conversations. 

So with another 100K in construction/fix up cost bringing the total to 500K it meets the 1% rule, obviously I would do more underwriting but I need to be solid on those comps. 

You will need to live there for at least a year after making that purchase and there are rules about how you can move out.

ALL mine are 2, 3 %ish rule, all in 75k, rent will be 1700, All in 90K, rent will be 1800- 2k, all in MH 95k, rent will be 1700ish, 1% is VERY easy.BTW NEVER buy the prop just because its the 1% rule, MASSIVE mistake.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

The majority of states have NOT enacted any rules, regulations or legislation that has altered the “wholesaling” landscape.