And the info the @jason DiClemente gave is great to, because when it comes to rentals, the income from the property is very key.If you are going to live there, what mortgage can the rent from one side support (PITI)?

Generally I use 50bps (0.005) of purchase price as a general rule of thumb for annual premium. 

I think you're both right and I can get through it so long as I show that I'm playing by the rules and have a plan. 

I am trying to evaluate a potential project and I have positive cash flow, however when I look at 50% rule it's negative.

I am not super savvy on the rules of lending so I am sorry if my question proposes something against lending regulation. 

Under the rules of Prop. 13, the Office of the County Assessor appraises new construction at fair market value when the improvements are complete, and the value of the new construction is added to the total assessed value of the property."

Make sure you are up to date on Columbus short term rental local rules.

Will I find a lender to refi with 18% equity left. 2 Don't understand the 2% rule my calculations shows 1.02% and lastly 3.

A few things that may be helpful to you here on the Bigger Pockets website as you search for a team to support your first buy:You can set up keyword alerts so anytime someone posts about any of the markets you're targeting, or the niche you're seeking, you'll be notified.

Meets the 1% rule.