Primerica tool arranges to meet him at Burger King for an "interview."

Aaron Mazzrillo the 2% rule really does exist and some people get more than that.

If 30 of the 35 have a part time job at Burger King and need two months to save up the security deposit, you will be wasting your time.

Then when you get to the real world - the college grads with all their degrees end up flipping burgers to pay the rent.

Ah, the old cramming tricks......btw, that was a $9.00 burger!

It's all subjective on a case by case basis.For instance one owner I know owns a multifamily complex of ranchers single story (over 100 units) on about 12 acres.Over the years retail commercial has built up all around it.The owner hasn't raised rents in 3 years.90% of the community is 55 and older even though it is not designated for that.The owner keeps it filled and does minor things to maintain it.Eventually it will probably be torn down and sold off for redevelopment.Knowing that it doesn't make sense to really over improve it and increase the rents.When buying a multifamily building you have to look at many factors and where it is located to determine what your plan will be.I like upping the rents slightly so that you get the increase but are still below market.As other shave said for someone to move and pay deposits and moving fees etc. they won't do it for a small amount.It's like a restaurant upping a burger 25 cents.You won't be happy about it but will deal with it.Up the burger at once by 1.00 and many might look for another place to eat.

Others who have a 4 or 6 year degree end up flipping burgers.

In the mean time I don't want to lose my momentum so I'm looking at buying a "#&@$ Burger", as a friend likes to call them... maybe a little 2/1 that wouldn't cost more than 20K purchase & rehab, that I could just put $4K (20%) down on and get rented out for $550 or $600 a month.

s analysis might be tough on the property - but if you can put in an offer for that number and get it accepted it should be a good buy for you.The "simple" analysis for this would be to use the "2% rule". Rents

I spent 18 years of my life in the Shire, hanging out in the Burger King parking lot at night and cruising North St. on the weekends.