Does anyone know the general rules on this?

I know the rule of thumb to investing is always "LOCATION LOCATION". 

However, since this property isn't my primary residence, I'm unsure if the same rule applies.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

I would house hack my next house too so that I can abide by the fha rules and so that I can rehab the property myself like I did on my first deal.Any intel or suggestions would be greatly appreciated.

Tulum is growing very quickly and it’s easy to find developers who are building new condo-hotels left and right.

The general rule of thumb, called the 50% Rule, is that non-mortgage expenses will cost you around 50% of the rent.

Hi Alex,Thanks for the mention.Unfortunately, investors sometimes expect providers to subsidize all loss of income incurred on a property which isn't feasible.We do our best to minimize costs and in many instances "eat a cost" that we shouldn't.Can't control "acts of God" or the weather/other people lolAs we all should know, there are ups and down's with real estate investing.Business is easy and people make it difficult as the saying goes.Our PM never just throws "a body" into a property just to call it "tenanted"Why?

I don't know if this is a rule of thumb, but it's what I usually do when skimming properties at a high level.