It does not meet the 1% rule when you use comparable market rents and analyze it purely as an investment property (without you living in it). 

As a Florida Mortgage Broker, I've been helping my pre-approved borrowers obtain this savings for almost 20 yrs now.Unlike Seller Credit, which the buyer has to actually pay more for the property to get the seller credit, Real Estate Commission Rebate is generally pure Tax Free savings for the consumer.

The real Indian cigarettes that are more pure costs a lot more money and burns slower.What smokers do not understand is second hand smoke is worse for people that do not smoke then what the smoker is breathing in.

We also buy pure rentals when the number works. our market is class A properties managed all over the country as "home" is only relevant to the current set of orders.Definitely check out the podcasts, blogs and forums.

Purely cosmetic (paint, flooring, light fixtures, plumbing fixtures, cabinets, countertops, appliances, etc) is 2-3 weeks. 

 I was forced in to property management path purely because I was on my own in a city with no family and  12 units, infant twins and a husband that was underway 90% of the time....  

But seriously wanted to bring some joy into my Dad's life after losing the place he wanted to keep until he passed on.

Sometimes I don't mind negative cash-flow if the property is in a high appreciating area... in that instance I'm after equity pure and simple and not paying out interest would be extremely attractive.If you need the cash-flow or negative cash-flow puts you into a tough position, nothing wrong with that conventional loan.  

We also buy pure properties all over the nation where it makes sense.

It would be great to leave as a pure retirement option.