VA rules that I must occupy one of the apt.'

FHA has different rules than conventional loans and thus you need to know your loan type, the date it was issued, and some other information.

If you want to flip, start by understanding the areas. the #1 rule of real estate is Location Location Location after all.

So I guess my rule is more of a 80-85% rule factoring everything into the equation.

Not sure of the rules so PM it to me if that is the accepted protocol.

These are located on a busy street, although not the nicest part of town, it is not terrible either.Is there a rule of thumb on expenses for commercial retail property?

There is nothing wrong with Dekalb but it does have some quirky rules that other counties don't have and it's not always some of the better areas.

I don't know the rules in either state, so I would check with brokers from each state and ask them these questions.

it rents for 350 per so the income is 1400. 700 under the 50% rule.

Taxes are $500 a year and insurance would be cheap for me.Here are the numbers :14% Cap RateTotal Monthly Income: $375.00x50% for Expenses: $187.50Monthly Payment/Interest Payment: $134.90Total Monthly Cashflow using 50% Rule: $52.60One benefit is this house is two blocks from my house, and is in really good condition.What does everyone think about this deal?