@Richard HowellThe most important restriction to keep in mind is that you cannot lend from your 401k to any disqualified persons.

I didn’t realize there would be a time restriction in the mortgage paperwork itself.

@Bj Ayoleke  A decent rule of thumb is take 20% of the purchase price + rehab. 

Investors harp on numbers and create rules, etc. etc....you see huge forums and social platforms like BP, but they are all based on the wrong thing.

They seem to forget what the rules are and when rent is due (even though they have a written lease agreement to refer to).

See my blog on The Tenant PhaseTo be a successful landlord, and maintain that excitement that you had when you first began, before you knew the ropes, you have to have all this in place, and you MUST AT ALL TIMES STICK TO THE RULES OF YOUR CONTRACT, YOUR LEASE AGREEMENT.

As you can see, in our market appreciation on detached and attached seems to be more in sync... in fact we've seen more appreciation in attached properties lately in Fort Collins, CO.Similar numbers for another city near us, Loveland, CO:And finally, here's Greeley, CO:It may not matter with what you're trying to do, but perhaps, someone with actual data in your market can verify that assumption before you invest based on that premise.I'd also be curious if our market is the exception to that rule or if our market is normal in this regard.

Rule #1: Money has no emotions, neither should investors.

The process, lenders, “rules”, etc. there are different.

@Freddy Hernandez Great questions. 1) Do you have to wait for a refi - Most banks will have a seasoning period of between 6 months to 12 months where you cannot refinance or only can refinance at the purchase price of the property.2) There are two limits on mortgages - Some banks will cut you off at 4, which is typically a Freddie/Fannie restriction.