To me, that tells me it's a "guess" based on "fudge factors" which are based on "nothing" because of the lack of actual facts within the "fudge factors", and lack of any true analysis within the "rule".Third, if the rule has no real basis of facts, or analysis, and is not really a rule in the first place (or the 2nd place, in my order), then I'd say the 70% Rule is about 0% realistic...give or take 70%.

I got a car with four wheels and don't mind driving or doing the legwork to help out of state investors analyze a deal :-)Most of what I do is SFR and 2-4 unit residential (as that's where the biggest pool of buyers are).

I am currently on my way home from work, driving my truck.

I really appreciate the input, makes me think deeply about other factors in the deal. 

I drive for dollars everyday, I send out 50 yellow letters to absentee owners every week, and I have bandit signs posted around town.

That factors in no budgeting for capital expenditures. 

My understanding is that the 514(c)(9) exemption for UBIT for debt-financed property in a 401k depends on a few factors including that the non-recourse loan made to the 401k is not a participating loan.

I'm driving to New York tonight to sight see over the weekend and thought about possibly meeting up with locals to share ideas about real estate. 

If your ever looking to get a business line of credit one of the key factors is the age of the business and it’s balance sheet and P&LIf your business was profitable then absolutely keep it and just change the designation.

Are there any STR operators that are seeing dramatic improvements in their business by driving direct bookings?