Hence I was able to get over 50 votes for my last 80 posts. 

Once I found that I wasn't losing money from it, I took out a larger personal loan to go 50/50 on a JV with him.

I haven't seen much that hits the 1% rule here either.

I'm doing a lil bit better than the 1% rule , but that's where I want to live in the future .

I'd prefer the property to be vacant as yours have been however this is 50% occupied.  

I believe the general rule of thumb is, you don't want to have more than two hard inquires within a six month period.Happy Investing...

Heck - you hear all the time that 50% of something is better than 100% of nothing. 

FHA 203(k) loans are not  available to investors.Rates are going to be slightly higher on renovation loans, but still very reasonable.Homestyle has a rule that the repairs cannot be more than 50% of the as-completed value of the property, so when you're working with these really low priced properties you have to make sure the numbers work.  

have laundry room on each floor and eating area and set of rules in kitchen area. met a lot of travelers who stay at hostels and they have setup like that. there was one where they had a weekly dinner and had to contribute towards food prep and cooking to keep cost down and for laundry they had washer/dryers. 

I'd recommend enforcing your lease agreement and if it did not allow pets, send notice of non-compliance in accordance with the rules in your jurisdiction and, if not cured, ask them to leave (including eviction filing).