County, but are you within the 1 or 2 mile radius of the city and have to follow their rules?

Budgeting: Many landlords use the 50 percent rule, which means that 50 percent of your rental income should go to covering fixed and variable expenses, other than the mortgage.4.

Good call on looking into rental restrictions early — many condos have strict rules, which could limit your options if you plan to rent it out later.

Putting an offer on a house in Virginia Beach and my buyers will likely be applying through United which is listed as the mortgage company.

We're still seeing deals that hit the 1% rule, have positive cash flow, and lots of potential for appreciation.

My issue is not knowing who to talk to to make sure everything is legal or making a plan to apply for new zoning.

It's probably because I'm new, but I thought staying away from places with only one industry, high crime, and low income was the rule of thumb.What am I missing? 

That same idea will typically apply to other types of credit.

I accept them and mitigate the risk by (a) screening the animals, (b) having a solid set of rules that are quickly and fairly enforced, (c) regular inspections, especially for cat units, and (d) charging a monthly pet fee.Let's say I have five single-family homes.

@Luis Maza Just like there are quality contractors out there and those that are not, the same applies to wholesalers.