Once ignored my own rule and, well, let's just say my accountant wasn't thrilled.Have a Clear Exit Strategy: Knowing whether you want to flip, rent, or hold onto the property helps steer your decisions.

@Jasmine VidaIt's hard to say, there is no hard and fast rule.

Just sent several clients today some in $125-$150K range, but they pretty rough, but rented at 1% rule and not in the best areas. 

Unfortunately, there are too man posts and moderators can't catch all of them.If you see something that you believe violates the rules, type "@moderators" and we will take a look at it.

Also there are rules with past due notices etc. as well as it relates to this.If you were to damage someone's credit and then find out you were not compliant, you could open yourself to a lengthy and very costly legal battle. 

The Federal Trade Consumer’s Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights and responsibilities.In all other industries consumers are able to rate the performance of service providers and potential investors have a right to have these insights.

The great thing is you get to set your own rules and experiment until you find that sweet spot for you. 

I think  a good rule of thumb is LTR is 1x rent, MTR is 1.5-2x rent, and STR is 3x rent. 

Watching you two go back and fourth is more insightful on what to expect from possible colleagues and competition.

I don’t rule out anyone.