They sounds super sus-burger helper.

I work a lot but I truly enjoy what I do.If the market tanked tomorrow I could at least flip burgers at Wendy's and would still be way ahead on paper. 

Thats the pay for flipping burgers . 

It follows the classic 1% rule (rent is 1% of the purchase price)--or is that the 10% rule where yearly rents are 10% of the purchase price...I never remember.

This isn't like flipping burgers where a fixed procedure guarantees good results.

You can't always have it your way (with apologies to Burger King).

Trying to follow the 2% rule rent would be 5500, and rent here is expensive but not mental.

In fact, there is no rule really on who pays what, it just has to be paid.  

The 70% rule really doesn't help much if you are using a buy and hold strategy, with the exception that you know you can have a second exit strategy by selling and still make a profit if you needed to sell.  

To say talk about Real Estate but never political connections is like saying to talk about burger on a food forum but never dare mention the cow....