@Scott Morongell I’ll be sure to do that, I’m Strictly focusing on MF, and wanting to make it my niche. it’s the only thing I will follow and educate myself on until I master it.

@Brian Dickerson Orlando/ Orange County has strict STR regulations.

I own some really nice high-end houses and I enforce strict age restrictions, my offshore PMs verify ages before every stay and we cancel if they don’t meet what we stated in the listing

Budget for 5%-10% CapEx — not based off percentage — calculate how much the item would cost to replace and how long it has until it needs it then do the math — (roof, water heater, appliances, driveway, HVAC, flooring, plumbing, windows, paint, cabinets/counters, structure, components- garage door…, landscaping) Closing costs — around 1.5% property value RehabDetermining Cash FlowJust subtract income- expensesCoCROI (cash on cash return)Total Annual Cash Flow / Total InvestedRule of Thumbs General guidelines and not strictly accurateThe 50% Rule A rental property’s expenses tend to be about 50% of the income, excluding the mortgage P&I CashFlow = (total income x 0.5) - Mortgage P&I Helps just to quickly screen a property for further researchThe 2% Rule The ratio between rental income and purchase price Property’s monthly income must = 2% of the purchase price or greater The percentage varies on the areaCh. 6Investing While living in an Expensive AreaSunday,September 8, 20199:21PMAre you looking for homes on sale?

Auburn you should take a look at Walnut Hills which has for some time now been considered the next OTR, (strictly in terms of the amount of development and growth) Covington, Main Strauss, and Roebling Point have also seen recent growth and are very attractive for cash flow investors considering  Kentucky's lower taxes.    

I know the VA have strict guidelines and only offer specific products.

@Tammy SkeathYou should have strict approval guidelines that you use & publish to applicants.

My premises are strictly smoke-free.

answered below:All real estate licensees are real estate agents, but not all agents are Realtors.The primary difference is that Realtors are members of the National Association of Realtors (NAR), the [insert name of state] Association of Realtors and most often are board members in a local Association of Realtors.According to Realtor Associations, board-member Realtors are held to higher standards and a strict code of ethics. 

I don't forsee the HOA or condo being FHA approved for quite some time even with the new less strict FHA guidelines.