My wife and I chose to write down our own rules for both our marital property and our estate, so that it doesn't go to whatever wacky CO law governs distribution of wealth.

With house hacking, there is a simple rule in my opinion: The more uncomfortable you're willing to live, the better the numbers can work, the more comfortable you need to live, the less the numbers will work. 

But in my opinion the 1% Rule has gone the same way as the 2% Rule.

It is a good rule.

Call Cape Coral zoning directly to get their rules and restrictions.

The last thing you want to do is put a deal in a contract pay money for inspection and get an appraisal when you could have just ruled it out from the start with that.

Its simple arithrimetic but often there is an angle and no prop is the same.  6)  good beginner rule I use for myself is that for a buy and hold multi - if it needs more than 10k of work its probably not a great FIRST investment.  

I'm a licenced Broker and I also handle project management for flippers, contractors, etc.FEMA 50% Rule: ALL of the homes that exist in a Flood Zone have a 50% limit on work that can be done to repair them without bringing them into compliance with current flood standards.

Our focus is on cash-flowing properties, particularly multifamily properties that meet the 1% rule.

Asking in the correct forum will get a better response.Read the RULES!