In my view the 1% rule is for solid B or higher sfh rentals.

My third spreadsheet has the same X axis as my first spreadsheet and the Y axis is the amount needed to offset the mortgage based on whether I charge $800/$900/$1000 a room for rent, all the numbers are pulled from the county obviously:Electricity, gas, repairs and maintenance (10%), capex ($200), vacancy rate (10%), sewer rates, water rates, solid waste fee, lawn care, property management (10%).Am I missing anything?!? 

Stage two bubble  is here, but I'm curious about my neck of the woods.

Solid, blue collar people who are responsible and take great care of the houses.

@Owen Washington it could be done but its complicated, A) you have to be a real cash buyer because they require you to put down a non refundable deposit after the action, or you must have very solid cash buyers that are ok buying a property sight unseen because its hard to get access to the property prior to the closing of title. 

Approved within 3 business working days and you decide how to spend your money. there are also mortgage loans, cross bridge loans, Non-Recourse loans for all valued clients. ideas globally for eradication of poverty and prosperity in your business to establish a solid business relationship with our lending group.

I would be curious to know from people who own multiple properties, have a solid day job w the W2 how to get the next deal under wraps, when you just got one.

There's always going to moisture, termite, and wood rot issues. 

The first story is cement block, and the upper story is wood siding. 

A few months ago, I acquired a solid deal - 2 two-families that are adjacent to each other in Paterson, NJ for $125,000 each.