I have been doing some reading about the 50% rule but have some question I will need to post on that topic, but that is for another thread. 

Claims I am abusing the forums and rules. 

I would be looking to get it at a low enough price, along with the home improvements done after purchase (also with 15%-20% down) to take out a home equity line of credit.

@Lily Daudert the score is like a rule of thumb.

I am living proof that you can start with little money and knowledge and make it big if you study, improve and persevere.

They aren't finding any of these leads for us and mostly doing errands but I just don't want to fall under the BRE thumb as paying commissions to an agent or some unlicensed activity (i don't know all the rules).

I spoke to the appraiser who appraised my building 2 years ago when I was first going through the purchase transaction and he states that too many banks have been burned on using the cost approach with people paying too much or over-improving their investments which has caused most people in the industry to only use sales and income approaches to properly appraise a property.

With a M2M lease, as soon as you realize that your tenant is dirty, you give them notice and find someone who won't live like a pig.In reading another post on a similar topic (you should search) someone posted that in TX, "lease rules" so apparently you can add things to your lease that supersede law and it's cool. 

It looked good on the BP flip calculator but didn't fit the 70% rule.  

Are there rules of thumbs governing this decision?