Most people on BP (including myself) will use the same rule a bank would... only incorporate 75% of your income and then deduct operating and financing costs.

I'm sure this is something you have personal experience with by now so perhaps you want to either start there or simply incorporate it into your long term goals and plans.

A person is considered to be disabled if he or she shows proof that he or she cannot do any substantial gainful activity because of his or her physical or mental condition.

The PSOA states "Seller will deliver the Property, including existing appliances, heating, cooling, plumbing, electrical systems and equipment, smoke and heat detectors, and landscaping and lawn, in substantially the same physical condition as on the Settlement Date and broom clean with all trash and debris removed."

I am a big fan of the reverse wholesaling method (yeah even though I haven't incorporated it) but more importantly not shotgun blasting your list with every property.4.)

Hi David, A few points for you to consider:You should always use a professional property management company with your out of state properties.It's always a good idea to "check out the properties" assuming you're talking about physically going there to visit.

For some reason I do not like the thought incorporating the 50% rule when looking at cash flow etc.Id rather just have a large enough emergency fund and deal with problems when they come up and not include that in your normal monthly numbers etc.Assuming no property had any major foundational issues, how much money do you think would be good to keep in such a fund?

I graduated from University of Northern Iowa and am in the process of applying to physical therapy school.Over the years I've started many small entrepreneur ventures with minimal luck.

To the extent reasonably available, the Association will maintain property insurance insuring against all risks of direct physical loss commonly insured against, including fire and extended coverage, in a total amount of at least 80 percent of the replacement cost or actual cash value of the insured property as of the effective date and at each renewal date of the policy, for the individual Units, for insurable Limited Common Element improvements, for insurable General Common Element improvements, and for insurable Areas of Common Responsibility improvements, but will not maintain any property insurance for alterations, additions, improvements, and betterments made by, or acquired at the expense of, and individual Owner or a Resident to the Owner's Unit, a Limited Common Element improvement assigned thereto, a General Common Element improvement or an Area of Common Responsibility improvement."

Chris location does play a role in corporate tenants for leases but really the credit of the tenant, their books, and who is backing the lease, and lease terms are where most weight is given.What are your specific goals??