Just because it doesn't meet a magical 1% rule or 2% rule doesn't mean it's a horrible decision to go forward with it.

If you're willing to get something in run down condition and fix it up, you may have a better chance of getting closer to those magic numbers.Also, those rules are not mandatory.

Just sign my magical contract and I will solve all your problems until 2 weeks rolls around and they ghost you and you are even deeper in the hole.   

There is no magic in building wealth. 

Sorry guys, I think the main driving factors are the gurus pushing people who aren't suited into landlording and the magic spreadsheets that have to add up every month and the hands-off let's scale-scale-scale mentality.

That doesn't mean that there is some kind of magic loophole and that the child will suddenly never have to effectively pay rent again simply because "he has a lease".Obviously consult your own professionals, but if the "lease" is broken at the time of foreclosure, then these people have periodic tenancy and a simple 30 day notice to vacate would suffice. 

So, I just hit the magic #4 property.I have a small concern, however.I have three rentals and am living in a property that I will convert into a rental after I have been living here for one year.If I purchase my 5th property as a primary residence and convert the prior primary into a rental (total of 4 rentals and 1 primary), can I still put down 5% for my new primary and not be subject to the rules of the 5-10 property requirements?

I believe there are also certain cases where you can still be found personally negligent despite the property being in an LLC, so it's not a magic shield to prevent being sued in all cases.  2) Holding title in an LLC can effect available financing, interest rate, ease and ability of refinancing. 3) There are additional set up fees/paperwork/ headache, accounting and annual expenses involved to maintain an LLC.

What I always try to preach it that there is no magic pill, no secret portion or miracle when it comes to real estate.Good luck!

If you go over about 41 (their magic number) you will need to have a 1" line.