They will not like no longer being able to run the show and my experience tells me they will go to great lengths to undermine whatever new rules you put in place.

It will pass the 1% rule per unit.Does anybody think this price after all expenses is to high ?

@Michael NievesThere are rules about occupancy when you use a VA loan.Intermittent occupancy due to work is okay as long as you can show that you have a pattern of continuous residency in that community...

I couldn't get any clear hard and fast rules but if it's 6 stories and below, depending on the year built, it's probably wood frame.

The generally accepted rule is to wholesale the properties for 70% of Fair Market Value (FMV) less the cost of repairs. 

Conventional loans, those that meet Fannie Mae/Freddie Mac rules, are only available for properties titled to an individual. 

The City of Charleston has had the hardest time with their regulations, but I think they're nearly done with their proposals and will be enforcing some rules soon.

Certainly not looking for 1% rule or anything like that!

I just wanted to write a quick post about the FHA/USDA flip rule. 

Most investors start with "house hacking", getting a 2-4plex and then renting out the other units and owner-occupy one of them.yes, buying and renting out property is a wise idea as long as you rent to good tenants and charge them sufficient rents to justify the cost of owning the property.