The majority of states have NOT enacted any rules, regulations or legislation that has altered the “wholesaling” landscape.  

You will need to live there for at least a year after making that purchase and there are rules about how you can move out.

Note local rules could be more extreme.  

So with another 100K in construction/fix up cost bringing the total to 500K it meets the 1% rule, obviously I would do more underwriting but I need to be solid on those comps. 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

I am within the rules of the Florida statute regarding security cameras and not recording conversations. 

I also just generally compared to the 1% rule. 

ALL mine are 2, 3 %ish rule, all in 75k, rent will be 1700, All in 90K, rent will be 1800- 2k, all in MH 95k, rent will be 1700ish, 1% is VERY easy.BTW NEVER buy the prop just because its the 1% rule, MASSIVE mistake.

Also, unlike Mexico, where it was tough to open a bank account, getting one in Colombia was straightforward, and I found a bank that doesn't charge for transactions.So, my conclusion from experience, Cancun still for me more expensive. 

It considers factors relevant to renting, like payment history and outstanding debt, so a low ResidentScore can indicate a higher rental risk even if it’s not a traditional credit score.For declining an application due to a low score, here’s a respectful and straightforward way to word your response:---**Dear [Applicant’s Name],**Thank you for your interest in renting [Property Address].