(BTW, India has some horrible banks as well in addition to some very enterprising banks.)One other reason for the difference in attitutes between bankers in the two countries is that banks in the U.S. are primarily focused on consumers - credit cards, home loans, etc.

And the money that consumers presumably saved through lower prices could then be spent elsewhere or saved.Thing is, lowering corporate tax rates to zero (or near zero) would be very unpopular politically.

There are additional depreciation benefits for taxes that will make the 42% equate to something higher when compared to a flipping business or other investment (could be as much as +60% if you're in a high fed/state tax bracket)Successful flippers might look for annualized ROIs in the 100% range, though they have to pay payroll taxes, and is a more time consuming effort compared to using property managers for your buy-and-hold rentals.

Brian, you are totally consumed with interest rate risks.

Although I share some of the concerns for you starting out in such a rough and time consuming venture---darn impressive and ambitious!!

I can't imagine it's a general, or consumer law on granting credit.

The house has baseboard steam heat well there was several lines burst which is not a big deal but time consuming, then the pump was cracked. still just a bump in the road.

Hoang, couple of questions:* How much are your other monthly obligations, such as the 1st mortgage on your primary residence, any consumer loans, and any credit card balances?

You'll hear about the 50% rule which is that, if managed, a property, on average, will consume 50% of the rent in expenses, including both the current expenses and a set-aside for capital expenditures.

Each state will have its own requirements.Thinking about the why is this true, makes me think that it's another economic law as well as watching out for consumers, that the NAR would not be wild about an MLS type service for FSBOs or others as competition, so I would expect to find similar restrictions.