Here's my rules of engagement for my business ventures whether for profit or for public service and this one will be for both.

Best way to find rents is to find other identical units in the same building that are for rent, and find out how much they're renting for.

Does anyone know the rules on taking out a loan as a vacation home vs an investment property?

A rule of thumb is that expenses, over time, will average 40-50% of the rent.

In other words, I have heard that if a lender (bank or servicer) forecloses and regains possession, then they must keep cash reserves on hand of 30% of property value.I have also heard that the requirement to adhere to this rule hinges on the lenders standing as viewed by the FDIC.True?

I wish the 80% rule would apply but apparently not with them.

Conforming" for a loan means it conforms to Fannie Mae's rules.

Hello all,I was thinking about the 50% rule and I was combining this to the ROI.

The rules are tighter these days.

fyi: I opened a Macy's card many years ago before I knew all the rules about credit.