@Dennis Gallagheri don't really use any rules anymore, i just evaluate the actual expenses on actual properties. 

A lot of new investors use FHA loans, which are 3.5% down.

Diving into real estate investing is an exciting journey, and this community is a fantastic resource for learning and networking.

Likely I wouldn't have seen this if I haven't done multiple deals with this lender for myself and clients.

Yes it was , I have had this loan for 7 years now, they are growing the company from one into a RIET of 4 different businesses and the goal is going public once the company is in the right position.

The way I look at this situation is this:Let's say the rent you can get at that unit is $1000 as is.

This is my clause.

Real- Estate  is a lot tougher game now because of technology now allowing buyers, sellers to access the market using the internet without using agents but  you do have hot areas that can support  more bodies .

HI All, I’m new to this platform and investing.

Just confirm this statement with your tax advisor.