@Ranjit WasuA lot of people use the 70% rule, but I personally don't. 

thank you the next one in Charleston I will post is our first venture into the historic district were the rules and regs are quite stiff and the homes are museum grade.. you know horse drawn carriages gas light lamps very cool..

I've heard the 1% rule, going after multi-family units etc.

Yes, this charge can be expensed (to my knowledge) under professional fees.Lastly, your $2,500 question refers to the expensing of items under the de minimus safe harbor rules.

I'm going to buy a pickup for my LLC, and I know that with the new tax rules that if it is over 6,000 lbs GVWR I can write it off 100% the first year.

Good Morning:Before purchasing condo units for rental should review the bylaws and declarations to make sure the rules do not prohibit renting out the unit for profit.Regards,Johnetta Paye, Esq.

You need to make sure condo rules do not state only a certain percentage can rent out the units they own.You might want to wait for a property that has less (hair) on it as we say in the business for your first one.

The game rules change and start making real sense starting around 65+ units, depending on the usaulal factors of course (location, demographics, jobs, companies, amenities, etc.). 

My initial impression of the 2% rule was that this rule was just that the rent should equal 2% of the purchase price.

As I look at the current asking prices and run numbers, I am not finding anything that makes sense. (1% rule is not happening and cap rates are like 4.25%-5%)I am new to this world, haven’t made a real estate purchase yet, but I am interested in meeting people in the space and learning as much as I can.