It's very remote (I think only 50 cabins up there) and it has tons of hiking trails and a stream right out your front door.

Hopefully this makes sense and isn't against bp rules. 

To enable a sort of "disruption" of a field, it is necessary to let go of any established rules of the field and view it as a completely new and naked playing field.

It's far from the 2% (or even 1%) rule, though I kinda doubt that's possible in that area right now.Purchase price: $179k + $4k or so in closing costs. $120k mortgage at 2.75% (5/5 ARM).

Monthly Income:$1,150.00Monthly Expenses:$750.72Monthly Cashflow:$399.28Pro Forma Cap Rate:7.32%NOI:$9,156.00Total Cash Needed:$30,000.00Cash on Cash ROI:15.97%Purchase Cap Rate:9.16%Total Monthly Income:$1,150.00x50% for Expenses:$575.00Monthly Payment/Interest Payment:$363.72 Total Monthly Cashflow using 50% Rule:$211.28

I was just watching the free videos about the 50% and 2% rules and something didn't quite make sense.

@Andrew Lomakin,The rules for tax liens and deed vary from county to county and state to state.

Seller will call when title is clear and won't if it doesn't clear the ones that end up not clearing end up tax sales....now those have some spreads in them (and all the investors said amen)......idk just my personal opinion on it......we put in 40-50 (of those 2-5 get accepted) offers a week.....if can't clear title I need my earnest back for another deal....I always let them know to call me if they get it sorted out.....

If you decide, "hey, I don't want any more than 50% of my net worth to be RE equity" then that will influence your decision.  

Dear all,Need guidance around Real Estate Professional exception for passive loss rule when managing multiple rentals.