I don't know the Ohio market, but the 1% rule hasn't been true in much of the country for a while -- if you bought a 120k property to rent out here, there's NO way you'd get anything more than 750/month for it, IF that.

Under present rapid acquisitions rules, new real estate investors (non-seasoned) may acquire two non-owner occupied (investment properties for each of the first two years using financing from one lender.

jdunsava - I'd like to welcome you, however I must also warn you to follow our forum rules.

As someone noted AZ might be different but as a general rule a property tax lien is first in line.

As a general rule, the faster you can sell a loser, the better!

Hi Charles,I'm holding all my deals as rentals, so I use both a cash flow analysis AND the 70% rule (I'm currently using 50% due to the downside risk in the market) to determine the price I can pay if the house is in good condition.

I use the 2% rule for how much rent the property should get.

If the IRA is the fourth participant, then each of you has a quarter.LLCs have members who are the owners of the company (they would be shareholders if it was a corporation) and managers.

You need to check you local rules.

Then there are the tenant files, maybe getting signatures on new leases, issuing new house rules and contact info, inspecting the interior of new properties, getting "on top" of tenant issues and property issues.