Are you comments simply because you are taking a conservative stance or are there specific letter rulings or cases that cover the issue?

Be very careful and make sure you understand the rules you agree to follow.

But if only 1st unit tenant pay utilities you have some probs on winter with expenses I guess.With $26,400 gross income and an conservative 55% expense rule I came to an NOI of $11,880 (10,1% CAP).

HUD properties have unusual rules for inspections.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

I sent an email to the S.J. Water company, to get auto-pay cancelled on my dad's house that I'm getting ready to rent out. In the same message, I told them about the comments that I'd read about Water Districts putti...

If there are more rental units than in the past, you may want to try to get the screening rule changed.

So many variables at play nobody can tell you what to expect.Every lender is different with overlay rules.

You can't set laws based on your religious views and require everyone to live under your religious rule.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.