The 70% rule is reserved for talking points by the guy on stage talking to an audience who they’re trying to sell a coaching program to   It’s a get excited number not a do a deal number   The equation is: maximum of 65% of AS IS value.  

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

But I can tell you that on average over the past 3 months we have brought in around 8k and this month over 10k in airbnb bookings.  

And @Kory Reynolds brought up a good point about recapture of the section 179 deduction if your business use drops under 50% in a future year. 

It will be expensive as you'll need a meter socket, weatherhead, breaker box/load center in the unit and then all the circuits in unit three will need to be disconnected from the present box they go to and brought into the new load center.

So if I understand correctly, RWN brought shady deals to their investors, watched them invest without proper due diligence and investors got screwed?

A wholesaler in Pflugerville brought me a deal when their cash buyer fell through, and it ended up being a win-win.Digging Into Pre-Development Permits: Austin has a lot of new developments, and I’ve had success reaching out to property owners near upcoming projects.

From what I read in Bloomberg recently, investors gravitate towards platforms they trust on a personal level.I’ve found that blending personal touches with strategic growth means knowing your audience and what makes them tick.

Nothing wrong with partnerships - I have used one to scale way faster than I would have on my own because he brought skills I didn’t have - but if you can do a deal on your own first to get a better understanding of the entire process it may help you identify what you need from a partner and what types of things should be in the operating agreement.As for the operating agreement, be sure you sit down with an experienced attorney who will help go over the dozens of scenarios that may come up and how you would like to handle them. 

If they had not moved out, i would have brought in the best attorney available and charged the tenant for the legal costs.