Go through the guidelines they ask for and give it a good effort, it will distinguish you from other landlords flying under the radar.There are many more tips this was just a start, I had this info in my head from years of working with these kids and I needed to get the info out.Best of luck to you all with your student rental units.Robert

The only draw back in my experience is that the Va have very strict guidelines as far as the conditions of the property.

Instead we use depreciation, following the specific schedules provided by IRS guidelines.

Or, I'm sure the IRS web site has guidelines.

I would think the profit margin would need to be a lot larger for that amount of risk even though your 70% guideline works.

If it were really that profitable for agents, the industry and brokers would already have set guidelines established.

There is also raw land down in the racetrack area, but that really is gambling.

HollyAnalyze your expenses every dollar lowered is in your wallet.If your tenants qualify under Affordable Housing income guidelines they might qualify for energy improvements to your property like more insulation, new doors windows etc.Paul

Does anybody follow a strict guideline that seems to work for them/keep momentum flowing?

We will be renting out the condo for several years until we decide to move to FL permanently.Most condo complexes will not likely be approved by the lender due to their guidelines; seller financing may be a good option.The seller wants to see our offer and terms.