And the key here being that I don’t know how and wouldn’t be able to do it myself, so whatever it costs is what I have to pay 😂 like any field, you have to pay an expert to do it right, AC installation in Texas definitely not an exception to that rule.

Another rule of thumb is 2% the purchase price to maintenance.

I already have $1,000,000 in retirement accounts which based on the rule of 72 that should be $4,000,000 when I retire if I don't tap into it.

#3 is a rule every new real estate investor (and many seasoned, including at times myself) need to remember.

I keep hearing the 50% rule and the 1% rule i was wondering what they are and how would they apply to a house hack?

There are rules to follow!

Oh, I also forgot to mention another fantastic and key feature of Landlord studio is the ability to set up bank rules which is awesome.

Some have lots of rules and regulations and are only in it for the education fees.

While the 1% rule would hopefully apply to an investment property, it certainly would not apply to my situation if I kept renting, as I would only be paying ~$1,600.Let me know if I am misunderstanding. 

I successfully evicted my tenant with a court ruling in April.