The "75% rule" is essentially if your properties were not claimed on your tax returns (this is for conventional lending).  

.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.  

In my experience - albeit in Connecticut, and not Washington - is that anything in the area of 1% "rule" makes it very difficult to see significant cash flow - AKA not enough money to make it worth it!

Hey guys, I been following Grant Cardone, read the "10X rule" "Be obsessed or be average " etc but I feel like the Grant's message is a bit contradictory to what our BP contributors are suggesting(start small and work your way up).

Hey BP,My goal is to hear some advice and/or pointers on what has worked for people with experience in what their advice is.Background:I'm a Carpenter in Northern California working for a General Contractor totaling 40Hrs-60hrs a week My current work is mainly Tenant Improvements/Remodels, In the past I've done custom homes as well.I'm sole provider at the moment for my family and am saving what I can though it probably wont be significant for InvestingIssues (oppurtunities):Dont have much capital 5000-10,000 - Saving about 500 a month Dont have GC license yet - Will have GC license in November 2017Will have Construction Project Management Cert early 2018 (March)I'm looking to be proactive and find an oppurtunity to enter real estate investing with a sustainable stratgegy.Current thoughts:- I can work full time and get jobs on the side to add to capital power - wholesale remotly, with savings?

Keep making money until things improve, and the value hopefully returns.  

That is a dumb *** idea.  1st rule: Don't be a Dick.Besides that, while I am only licensed in Texas and not Virginia, I can be almost certain that your idea is PROHIBITED under your state's property statutes. 

You said that improving it will attract better tenants, but will it attract higher paying tenants?

5) Do you guys have any number rule on multifamily properties, like the cap rate must be at least this or something like that?

I have been reading at building codes to have a better understanding of the field. but as my priority I would like to get a construction project management job, improve the skills and then jump on it feeling more confident.