The 4 property rule is only for 4 fannie/freddie loans.

The 70% rule is one we typically apply to flips, not to rentals.Also a seller isnt leaving 30% on the table.

Standard rule is deposit stays on unit until it is vacant.

The deal is as follows: Eightplex in Hickory NCAsking price $210,000 (trying to get it down to 150-170k, but am using 210k for the numbers) Gross rents: $2,900/month or $34,800/year (Between $330-400 a door) Tenants pay all utilitiesI am requesting a 1040 schedule E and the T12's from the seller, but for now am forced to use the 50% rule. using that, operating expenses are $17,400 NOI: $17,400Cap: 8.28 Debt Service: $8,700Equity Dividend rate: 16.5% The area isn't great or terrible, probably a C or C+ area.

I'm hoping to put myself in a position where I get some decent training and support in order for me to learn some of what it takes to succeed.

Do not settle, finish the case and get a small claims court ruling.

Make sure you follow your state's rules about amount of notice required.

It is a pre-manufactured, and much "beefier" (Lower left photo) support system designed to provide additional vertical and horizontal resistance in wind, snow, and seismic zones for which the design criteria has been pre-approved and stamped by an engineer.

There are a lot of details the public is not aware of and that's why I set up a specific forum to discuss the rules.

Does anyone have a "standard percentage or rule" they use for setting aside cash for the unexpected during a flip?