The expenses posted were what I found in the mls listing.Another question - 20 percent down - is that pretty standard as to avoid mortgage insurance?

Have seen their llc tax paperwork for 2 yrs. 50 percent rule is spot on.

//End QuoteI would venture to guess we raised 70 percent of the capital for this deal ourselves, but iFunding raised the rest and all of the capital is needed to fund the deal.

Yet you sit there and wonder if you could be missing that once in a lifetime opportunity to finally live that dream life you have always wanted.Well let me save you some time and a lot of grief right now.

Owner financing rates might only be a few percent higher than typical mortgage rates, say in the range of 7%.

The fifty percent rule is an estimating tool to guage costs so you can determine if you should evaluate a property closer.

Just taking the annual rental, and annual mortgage into play the numbers look to sit as follows using the 50 percent rule (which assumes coverage of the expenses).$6,162/12 = $513.50($31,020)(.50)/12 = $1292.50Cash flow = 1292.50 - 513.50 = $779Using the 2% rule, it looks like you are on the high end of the 1.5 - 2.0 range, which is great sitting at 1.73%.I got this by monthly income divided by purchase price x 100.  ($150,000)/(2585)(100)= 1.73%I think you're in good shape.

Did you end up buying anything from one of the fifty?

I have a fixed 30 year for 2.9 percent.  

It's a lifetime of learning.