Does anyone know about this new law/rule??

Check out the "50% rule" to help you analyze potential properties.

What I mean by that, is that I inquired with quite a few local banks what loan programs, rates, rules (overlays), etc they had in preparation for me buying several more rental houses around the beginning of last year.I really liked what Union Bank had to offer because they were a portfolio lender and could be more flexible with the number of loans allowed.

Might get by cheaper on labor, a couple good days rough in, finish on third day, paint the fourth day is my guess.

Study your state's tax deed rules.

I'm also not a big rules and red tape fan either, many COAs I've seen require their own application from the tenant which can really slow down my rentals.

Sean Breslin, EVP at Avalon Bay (one of the large apartment REITS) who was also on the call said that one dynamic that they really look at when selecting markets is job growth vs. new supply and sure enough M&M Research had a slide on that too: The rule of thumb that you hear from the institutional guys is that on average it takes about 5 new jobs to fill a new unit.

These esoteric 2%, 50% rules...

I used to write everything down on scraps, then I graduated to ruled paper.

Those that have broken this rule (now up to 6 after seven events over a 3 year period) are never allowed back.