If you buy vacant in the suburbs for the 1% rule the value stated in an appraisal will be for an owner occupant, i.e., sales comparison approach.

A lot of the % rules we discuss on here rarely apply.

@Tammy BentleyIf you’re trying to take a distribution and put it back within 60 days similar to the process with an IRA, the rules are different for a  401(k) plan.

Also, if you do end up going FHA on another multiplex, one thing to keep in mind is the FHA Self Sufficiency Rule.

Others simply don't care, they'll take the offer of a couple months rent and leave.I don't think the new ONtario rules apply here as you're not asking them to leave for personal use, so it's up to you and your tenant to decide what's fair.Your #'s look pretty good, I rarely find a true cap rate around 6% so if that area goes for around that cap rate you're already in good shape.Even if a few of the tenants don't agree to move right away at 5.8% cap your're still in pretty good shape and you can slowly work on it.

My# 1 rule for investing" You can never lose money by taking a profit!"

Conventional you can do as low as 5% down but thats only for 1 unit property 2-4 unit properties will require any where from 15-25% down payment.FHA will allow you to purchase with 3.5% on 1-4 units however FHA has its own hurdles when you get to 3-4 units (these dont apply to 1-2 units) there is a rule called the SS or self sufficiency rule which requires 75% of gross rental income of all units to be > the monthly PITI in order to qualify.

We have an opportunity to buy a nice property in Georgia, but are told it's an "estate sale", with special rules. 

I just edited my rules and regulations so that the next tenant lease will include this feature.

It doesn't fit a lot of great rules I've learned recently from religiously listening to the BiggerPockets Podcast.