Why would anybody rent who could afford 2 percent of the value of the property? I can’t find any property even close

Is there an area of town you can get closer to the 1% rule?  Renting

Eric,I'd say forget the 1%, 2% or 50% rule. Real

I bought me a wheel ruler and make my own measurement now.

Second, as a general rule, real estate holding LLCs should be created in the same state as the property.

There are actually condos that should easily meet the 1% rule rented out entirely that aren't that far from the base and aren't in bad areas(!!!). 

The  ruler of the board  down the hall insisted it had to be our unit.

With 5+ units, while they of course review your personal ability, they put more emphasis on the cash flow of the property itself and how its ability to perform is of high importance to them.Always keep in mind the following: 1) market cycle; 2) debt; 3) exit strategy (h/t Bill Ham).As you’re already seeing with deal flow, we’re towards the top of the market cycle with valuation.

Eventually my client SHOWED MERCY and started paying me back, but he could’ve continued not paying as long as our beloved rulers give the, that option.

If you have the budget Destin and Santa Rosa are beautiful places to live that will generate great income regardless of the 1% Rule. Renting