While the 1% rule might be difficult to achieve, appreciation and a livable flip might make sense for your goals.Greenville SC: This market has seen significant appreciation and demand over the last few years.

@Bryan Cavellier While you certainly can do that, there are different state rules and laws to be aware of.

Quote from @Mike Hern: Quote from @Michael Plaks:While it isn't directly related, does the Cohan Rule apply to real estate professionals without a W2, who lost their mileage book during the year?

If so, yes Dayton rents follow the 1% to 1.3% rule.

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.

And it is very straightforward to file these, so I would expect it to be well within the scope of any operator sophisticated enough to pull off an owner financed deal. 

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.