I see what you're saying about the 2% rule. 

Just trying to figure out how to best apply it. 

You've learned:1) The basics of landlording2) That it's not for youNow, how can you apply your landlording knowledge to "manage your manager"? 

Purchase price: $160,000 Cash invested: $35,000 Purchased this property as a turnkey investment at the 1% rule moving equity from another deal.

The husband told us to apply through Zillow, so we filled out the application on the platform.Before completing the application, we spoke to the wife over the phone to clarify some questions.

Most hard money lenders will want to know about your track record - if you have no experience, partnering with someone who has a track record will likely be an easier path to approval (and likely higher leverage) than applying by yourself. 

What you stated only applies to St Pete itself, and not unincorporated Pinellas county.

Apply here: https://airtable.com/appnZ2AGUknfciOzu/pagvbFaEPNprDBVKi/for...

I know this doesn't crack the 1% rule but because we are putting more than the minimum down we still cashflow.  

So curious if that still applies or if it's bank by bank.