Learn how to run comps and analyze deals the best you can (search on the BP blog for 65% rule for wholesalers) and then when you think one might be a good deal, bring it to the investor who has agreed to purchase the property, and ask him to confirm your comps and give you feedback.10.

Hey @Michael Abate at first sight it doesn't pass the 2% rule when it comes to Buy and Holds.  

I've always wanted to watch an interesting show about a large, successful landlord. All of the house flipping shows are getting monotonous. I finally found one! Here is the link to a preview:https://youtu.be/yxprQpcrB...

It’s a 50 year old building and was left unoccupied for years but still it’s doors, windows and all other wooden works remain in a good condition but the problem is with the bathrooms and kitchen.

Were you able to keep it inside the 50% rule?

@Wayne Brooks  with my commercial banks rule of thumb is anyone with 20% or greater needs to be underwritten and qualified and any PG's that the bank may require is signed by anyone with 20% or more ownership interest.I am not an expert of public financing guidelines like this.. good mortgage broker should be able to figure it out..

I'm sure you have checked with your HOA rules about potential rentals.Based on your post, I'm leaning towards you cashing out and refiing your current condo property to invest, but there are probably some other ideas out there that might be more advantageous to you in growing wealth in real estate.I think if you posted this question in general real estate investing, you would have gotten more replies. :) Either way, good luck.

Rents have doubled and the cash on cash return exceeds 50% per year.

I am part of a brokerage as well so I have to abide by their rules and take into account the money that I have to pay in there also.  

The 2% rule shows me that I am only at 1%, but I know that could vary with the area you are in.