I guarantee virtually no one is meeting that rule in SD because they're all on here looking to buy in Cleveland or Detroit because in that market price to rent ratios are so askew that buying at a 50% discount probably doesn't get you the 1% rule. 

It's no guarantee but it's a good place to start.

The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.

I guarantee they will not say "oh, do whatever you feel".

I guarantee you don't have the right to "sell" that property as you've done because the bank has a lien against that deed which must be paid if/when you sell, and you almost guaranteed to have language that you are supposed to notify the mortgagor if/when you sell the property so that they can exercise their due on sale clause. 

I'd work on a strategy that returns my capital guaranteed. build to rent direct with ground up developer does this.

Rents are obscene in my area near Traverse City.  1br1ba's are pretty much a guaranteed 1k a month. 

We've rented out some of our best investment properties (New Construction/Turnkey) to Sec 8 residents, and the rent guarantee always helps in achieving consistent cash flow each month.

I guarantee your life would be so much better if you removed her and replaced her with a good renter.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

They also stated they only allow three brokers and three cash homebuyer “spots” in any given area, and they only move into areas where they can guarantee at least 600 leads per year.