How are we seeing this rule change play out in practice?

I've been looking at single family home prices and rental prices in Austin TX and its suburban areas, and it feels like it's extremely unrealistic to find something that passes the 2% rule.

Who thinks it is time to review and loosen the meth rules?

This is covered under Regulation X (1024.5(b)), outlined here: https://www.consumerfinance.gov/rules-policy/regulations/102...

It's tricky every country has its own rules, regulations, eminent domain laws, corruption sometimes, different types of property taxes and becomes challenging even if your duel citizen.

The difficult part isn't finding that property; the difficult part is finding quality roommate tenants and having good systems for screening, setting up rules and maintaining your future investment to achieve the best results. 

I think these are red flags when agents say this: "it's close to the 1% cash flow rule", "it's in an up and coming area", etc.

They could very easily change the rules after you buy and tell you that you can't rent it out and the unit must be owner occupied.

Always a wise move to look for a turnkey provider offering properties at the 1% and up rule with in-house property management as well.

Be sure to refine your deal analysis by focusing on cash flow, the 1% rule, and cap rates to ensure solid investment returns!