There are laws to follow in order to make your building legally rentable.One is to have a C of A(Certificate of Acceptance) this is decided upon by the state, or county or city where you live.They have to approve this home to be a rental.Then you receive a C of O (Certificate of Acceptance) decided upon again by the local or state or county authorities.

Even if you put $15K in o a home you bought for $5K; that's still only $20K.

However, I am blown away today that I found that this property went 183K net as "O/O."

I'd be happy to testify against that piece -o-crap except my say would be so laden with f-words I'm sure they'd cut me off. 

That said, these days you will be hard pressed to find a deal that can achieve 75% let alone 80% leverage3) Depends on a lot of factors, mostly based on the loan type, not the property:  Fixed vs Floating, Yield Maintenance vs Stepdown, Length of Term, I/O period4) I hate acquisition fees, both as an investor and as a syndicator. 

These are just homes I've come across w/o asking around.

C h r i s @ r i s i n g t i d e b u y s . c o m

Retiring by 30 Ty O 

Keep in mind that the Fed's #1 job is to keep inflation in-check at a targeted rate of 2%-3% Y-O-Y. 

@Phil T.As a resident of Washington who is looking to invest in Indiana - You will be required to file a non-resident tax return with the state of Indiana.This non-resident return will report your rental activities in the state.The great thing about Washington is that they do not have a state income tax(they just have a B&O Tax which won't be applicable here).You should look for an accountant who is familiar with real estate activities.