Amy,Anything more than -20% equity is a good rule of thumb where it is past the point of any type of sub-to or creative financing deal is possible.Larry Chafe

However, as a rule, I would price the flip to sell and clear that hurdle quickly if they next deal is really worth pursuing.

There can occasionally be some cash flowing properties in the pine hills area, although many of those homes do not meet the 2% or the 50% rules preached on BiggerPockets.Regardless there are some opportunities for duplex investing in Albany.

I'm working on my fourth deal right now.

While that's a good start, the rules vary from state to state and there can even be variations in different counties within a state.

Also good point on HOA rental rules.

Additional ways to gauge value or whether to sell: cap rates gross rent multipliers comparable sales of similar triplex's fourplexes sales price per unit 1% or 2% rule on comparable properties or alternatives and more...

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.