Hello Fellow Investors:We are considering MLF Investing.MLF Unit: 7 Units, Price: $550,000.00What is the Thumb rule when performing the Analysis for: Closing Costs, Appraisal, CPA + Lawyer Fees, Inspection, Insurance, and Umbrella Policy (1 Million).ThanksKishore

It is low compared to rule of thumb 1%. 

I have found that if you set the ground rules from day one, your tenants are less likely to yank your chain.Regardless, inherited tenants can be a tricky matter.Best of luck!

There is no rule against a friend, roomate, significant other, etc, moving in with you. 

My agent said that it's difficult to find decent homes under 100k that meet the 1% rule. 

But generally it is 1 year at a time.Remember the general rule is 1 VA loan at a time, so you will have to switch your original VA loan over to something else in the event you want to use your VA loan again for a new property.

When it comes to investing with self-directed IRA or Solo 401k - you can also lose your shirt to penalties and taxes if you don't follow the rules so it is important to understand and abide by the rules before diving in.

Not hitting the 2% Rule.

Also be aware of the rules and regulations.

If you are relying on Credit, you have to play by their rules.