@Kyungjun Park I would be very careful with townhomes because HOA's can make your life a living hell with regulations and rules.

I would like to continue purchasing properties as primaries with a 30 year conventional with 5% down but I know that many brokers have restrictions with properties 5-10.  

Depending on your city, your neighboorhood, and the restrictions/ complaints that come with it, it can dictate your time schedule for better or worse.

If water runs off your property towards Lake Tahoe then TRPA gets to tell you what to do as well as your local city/county rules.

If it just went on the market, then the seller is probably not in the mood to negotiate.The #1 rule when dealing with sellers is that they always think their property is worth more than it is. 

New York also has a rule if you do an LLC you have to place an ad in a local newspaper for three weeks.  

Every lender has their own rules, but in pretty much every residential mortgage contract, there is a clause that triggers if the property is sold or transferred to another person or entity and this is known as the 'Due on Sale' clause.

It does not translate to real money world therefor it's use is highly restricted.If you want to see how restrictive try buying a coffee with bitcoin.

Just based off your ARV and rent rate, doesn’t pass the 1% rule unless you end up purchasing each for 55 cents on the dollar then add your rehab.

Also, when speaking about the "1% rule" as I have seen around, I see some people use either 1 or 2% as a rule of thumb for charging rent based on purchase price.