If we actually do get to that point those folks are REALLY going to learn a whole new definition of "struggling".people actually get it wrong. we are strong because our fundamental economy is so great in such a way that the conservative way of thinking thinks it's not good. the inflation, the strong demand for traveling, the high price of flying is an indication of a very strong economy.it's just people getting it wrong because some conservative ruler above the cloud out there thinks it's not good. but we are in economic expansion mode.

To apply the 50% rule, rent needs to be 2X the P&I payment.

Monthly Rent (using www.myrentrates.com) $ 3,200.00 (from listing) 1% Rule (Rent should be 1% of Purchase + Rehab) $ 3,150.00 Does this PASS the 1% Rule?

Never knew about the AGI rule under 100k and over.Also didn’t know about the 750 hour rule “real estate professional” I own an insurance brokerage office and probably will never get to use this one.

I believe a good ruler of thumb is MTR is 1.5 - 2.0x of LTR rates.

This is not legal advice, just friendly information.As a general rule, real estate holding LLCs should be created in the same state as the property.

As a general rule, renting an apartment in most markets around the country takes anywhere from a couple hours to a couple of weeks to fill.  

Quote from @Drew Sygit: That's my general rule. Rents

I want to know if the 60 percent or the 70 percent rule really works in my market.Thanks.

However, there are certainly not as many as the MW.Well in a state like FL (or TX, which is notorious for this), things like the 1% rule really don't tell you anything because those are just estimates...and what can nip things in FL and TX are high property taxes and insurance.