Warning: it seems to fail a lot of "rules" of thumb.  

I agree with Tony -- the 1% is my usual rule.  

5 days late, process to eviction begins. for reinstatement to happen, tenant must pay all late rents, and any fees associated with eviction process.you should be just about ready to have 4 new tenants if they are all 3 weeks late.With that said, if you didn't follow the rules on the lease and let them slide, why would you expect them to?

:) Super Jumbo is generally up to $5m & still largely algorithmic like you are used to, larger than that it's generally done on a one-off basis.Worth noting is that technically the lender still must follow the post-recession "Ability To Repay" rule, meaning the lender can't just go "oh, 40% down, we can't lose even if we have to foreclose, loan approved!"....

Essentially, if you have the divorce decree and separation agreement giving her the house and taking you off, then it's hers to worry about, but if the dd and sa is not clear, then it's on you and her both for FHA (which is the one most people house hack with).Sorry.Stephaniehttps://www.fhanewsblog.com/2015/11/fha-loan-rules...

I don't think there's a scientific approach to learning this except for putting in a lot of efficient hours (like the 10,000 hour rule that Malcolm Gladwell discussed in his book), so it needs to be a combination of books, networking, speaking to local builders, Realtors, investors, attorneys, CPA's, insurance agents, and every other person needed in a real estate deal will get you where you need to go. 

It's all learning so this is great.As for closing costs, I put $1500 as that's what it recommends on the low side.Do you generally put 10% as a rule of thumb for Vacancy, R&M, CE, and PMFs?  

Further, with the hot construction market, your bids will be almost assuredly be exorbitant.I think you already have the right thinking on renting the property out given Berkeley's insane rent control rules.

Next use the 70% rule to determine your allowable cost basis

You might be the exception to the rule, but there's always the question of whether you're leaving money on the table.Put it another way.