Monthly Rent (using www.myrentrates.com) $ 2,480.00 1% Rule (Rent should be 1% of Purchase + Rehab) $ 2,499.00 Does this PASS the 1% Rule?

Monthly Rent (using www.zillow.com) $ 2,200.00 1% Rule (Rent should be 1% of Purchase + Rehab) $ 1,820.35 Does this PASS the 1% Rule?

This is not legal advice, just friendly information.As a general rule, real estate holding LLCs should be created in the same state as the property.

Monthly Rent (using Rentometer) $ 4,040.00 1% Rule (Rent should be 1% of Purchase + Rehab) $ 4,198.50 Does this PASS the 1% Rule?

As a general rule, real estate holding LLCs should be created in the same state as the property.

Look up the 1% rule. Rent

The militia is the natural defence of a free country against sudden foreign invasions, domestic insurrections, and domestic usurpations of power by rulers It is against sound policy for a free people to keep up large military establishments and standing armies in time of peace, both from the enormous expenses, with which they are attended, and the facile means, which they afford to ambitious and unprincipled rulers, to subvert the government, or trample upon the rights of the people.

I was resigned to looking at property in other parts of the country after learning about the 2% rule (rent should be 2% of purchase price).

Investment trusts, etc combined with the institutional investors like hedge funds.It affects all investors in that it creates a highly competitive market where cash has become the supreme ruler, not just the king.

Base on the 50% rule: Rent ($1300)/2 = $650 - mortgage ($435) = $215 so you should be ok here.