My personal rule is to give 10% of the money I've received.

Make sure you understand the rules! 

Check local regulations.First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.2.

San Antonio offers more relaxed rules, steady tourism, and possibly lower property costs.

Build a real estate network, evaluate potential properties, and use the 50% rule to ensure they cover your mortgage and leave positive cash flow.Good luck!

The long-standing rule of thumb average cash flow in the Midwest has been $200 per door.

The reason you would sell at a discount is that you need to close quickly with cash … that is the offer …  Using an agent to sell in a traditional way will not allow you to make that offer—— sounds like in Texas there are pretty hard rules on timeline… if you are in California however you are less likely to be able to say “your property will be foreclosed in x days”.

Stupid rule. 

The land acquisition cost is relatively straightforward.

Today, the gross rents are $2,875 (exceeding the 2% Rule).