I blame the politicians that create rules that allow this.   

Thank you.The general rule I go by, after flipping a ton of houses, is that I regret selling them now.If you buy them right (we’re an exception, as we buy at 7 to 15 cents on the dollar) and rehab them properly, you’ll get a ridiculous profit by keeping them, using strategies like the BRRRR method.Honestly, it doesn’t make much sense to sell them right away if you bought them right.

State, County, City rules and regs every one is different.

Now most of these I am keeping as rentals as they exceed the 2% YES 2% Rule, 75k rent 1700, 90k rent 2k, all in 230k (7 unit) rent 55k.Good luck to you 

County, but are you within the 1 or 2 mile radius of the city and have to follow their rules?

Here are some things to look out for to help you know who to take advice from when you are just starting out:(Note: There are exceptions to every rule.

Good call on looking into rental restrictions early — many condos have strict rules, which could limit your options if you plan to rent it out later.

We're still seeing deals that hit the 1% rule, have positive cash flow, and lots of potential for appreciation.

It's probably because I'm new, but I thought staying away from places with only one industry, high crime, and low income was the rule of thumb.What am I missing? 

Fees should be clearly stated in writing, easy to understand, and justifiable.