If you violate any of these rules you could blow up your IRA or 401k and the IRS could force you to distribute all of the assets in the IRA or 401k.

Do you guys still apply that rule?

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

Once the tenants are placed PadSplit aren’t really offer that much value to justify the 15% expenses. 

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.

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.