Do you guys still apply that rule?

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

Eric,They are using rules that take those into account.

However The barrier to entry in the REI teaching business is very low and a lot of bad players join the game.What you describe led me to come up with Ned's Rule of Gurus.The quality of an REI course is inversely proportional to the price

In the commercial space, different rules may apply.Other than this, you'd have to discuss the logistics with your broker.

I think FHA loans are still popular but if you can swing it the new 5% conventional rules are huge.

While it may get your home chosen over an identically priced one it won’t add value.

You're right about Cincinnati's short-term rental rule requiring the operator to live within 50 miles of the property.

This seems crazy as the risk is different, the rules of what you can do with the cabin is different, and most importantly the price difference between cabins on land they own versus forest leased land is extreme.

Use for investment for 1 year and then live in it for 4.In theory the FTB for CA follows the same gain recognition rules as the fed.