A investor real estate loan has far, far, far more risk.And if you borrow from grandma you better be willing to work two jobs flipping burgers to make the payments if your real estate deal goes south.

Once they break your first "rule" (rent amount), they'll want to break rules right and left (smoker, pets, whatever).

McDonalds sells a butt load of burgers, but they certainly aren't the best at making a burger.

Gross rents without utilities would be around $1000, so it still clears the 2% rule (rent over purchase price).We'll see how the chat with the lender goes on Monday.Mike

Rules of thumb are about as useful as rulers - as long as your thumb.

The burger folks saying 15 bucks is an impossibility to pay that burger prices would go up.

Mmm In-in-out burger...haha.

Basically, just take a ruler and make a square around the offending hole making sure it stays inside the borders of the newly drawn square, then, cut a new scrap piece of drywall approximately 1" larger on all sides, then, with the paper side down, slice off the same 1" of the gypsum material ONLY thereby leaving the backing paper.

For example, $.10 used to buy a burger, now it costs $1.00 to $6.00.

Example there is a burger joint, Chinese, Mexican, but hardly any Italian.