I understand that the rules would help you determine if the property cash flowed and that the 2% one was used first, while the 50% was used more like a final factor (in the example).What doesn't make sense is why the property was deemed a bad idea, wouldn't the fact that the 50% rule gave 0 cash flow (rather than negative) mean that the investor would still be able to make money on loan pay down?

You have the essential idea of how it works.  

Creating cash flow is always a great idea.

Any ideas on that would be mucho appreciated, thanks!

Just finished the initial beginners guide book and now its time to put in the action to my ideas and dreams and get started!

I would recommend reaching out to a Florida attorney who specializes in Business Law to discuss your ideas with.

Start listening to the podcasts here, one a day, so you get an idea of the variety of investment opportunities out there.

John Anderson - you have no idea what the offer was actually - it was in fact exactly what the real estate agent recommended, not a low ball at all.

I have no idea what that house you mention would rent for but I'll take a wild *** guess and say something like $7,000 or $8,000...maybe $10,000? 

Hi there everyoneI am visiting Nashville during labor day weekend and was thinking to meet up with a local investor friendly realtor to get an idea about the market and start process of possible future investment.