There are some asset-based lenders that do not keep this rule, but they have lower LTV ratios and require a greater percent down.Hope this helps.

The rule is also by number of loans not Doors.

Know the rules for the exemption you intend to use for your syndication - without a game plan, you may inadvertently disqualify certain investors from the offering. 

If you can follow Warren Buffets #1 rule in investing, then feel free to invest that $15k. 

Look at it this way, if you paid $50k cash for the house and rented for $775 per month, using 50% rule for expenses, your NOI would be $4,650.

@Manon Sheiman here are your answers:For conventional, conforming loans (Fannie/Freddie loans) the rule is 6 months to receive cash out. 

@Jay Hinrichs , I've seen a bunch of people posting against the rules lately, you're right.

As a rule of thumb for myself, I don't invest anywhere I wouldn't live myself.

Would love to know what the rule of thumb is (if any) for assignment vs double closing in CT.

All counties have their own rules and contact them to get the details like frequency, the time, and where they are held,Most counties have what is called a "redemption period" of time that the previous owner will have to pay the taxes that are owed.