Not an Emotional Support Animal (ESA). 

The HUD FMR is higher than I think my area will support.

What rules can you put into your lease?

2% rule indicates purchase at $47,500.Thanks for any advice!!!!

I checked out the house, made the repair list, passed the 1 or 2% rule - now for the business end and completing contracts.

If you do not have the complete list of expenses for a particular property I would suggest using the 50% rule for your initial analysis until you ca verify actual costs. 

It would be risky to continue because HOA can adjust the rules going forward by taking a vote by the owners.

But those questions paled in comparison to the lender wanting full documentation to support those funds.  

Here are the details45+ year old housenew a/c (6 years ago)New roof (last year)New electrical panel (6 years ago)New plumbing (this year) mostly new appliances (oven is old)New floors in about 60% of the houseThe numbers:Currently on a 30 year loan with 3.8% int.monthly payment is $1250Avg rent Comps are $1600 to $1800If I apply the 50% rule then it does not work, but taking into consideration that the main money drivers have been addressed would I still be in good shape if make the decision to not set aside as much for the expenses. does this make sense?

@Lavada Lindsey This is an "ask your broker" (or your agent's broker) situation.Here in MA, our MLS rules prohibit an agent from contacting a person who is represented by another agent.