Our rule of thumb is to try not to pay more than 1/3 of the end price of a house for the lot.

No Wisconsin Statute addresses the issue nor does any administrative rule in Chapter ATCP 134 of the Wisconsin Administrative Code.Daily late fees are not illegal in Milwaukee County.

I don't want to violate any rules!

I'm thinking, after checking with the zoning and association rules, of trying one out as a vacation rental.

And, the 2% purchase price to rent rule just doesn't seem to be adding up here.

I just use 8.3% for vacancy (1 month/year), and 10% for repair/maint.That's all included in the 50% rule though. $2580 * 50% = $1290 - $550 = $740/mo / 3 doors = $246.66 each door.That's legit :) From a numbers standpoint everything looks gravy.

I think this is the FHA rule maybe.Appreciate any input.

I bought the home for $8,500 cash, cleaned the carpet, painted some walls (a rule of mine every time I re-rent or sell a home to give it a fresh smell) and about 2 weeks later the home rented for $650 per month.

Conventional should not be ruled put any property unless it is a tear down.

Michigan law is 30 day notice, Florida may vary but there is rules regarding notices.