Something around the 1% rule (12% per year in gross estimated yield)?

The rules on 1031 are vague as to how long you must hold.

If you want to buy liens or are building a strategy that is not common speak with a professional in the state that really knows the rules.

My rule is I try not to buy anything that will take more then 3K to make in produce cash flow.

:roll: Since then I've just used the 70% rule.

There was no reason to come after me other than just being ugly," she said.AARP issued a paper in 2006 recommending a bill of rights for owners, including the right to be secure against foreclosure, for full disclosure of rules and the right to vote on changes to the rules.

I know everyone uses the rule of 70% but in some cases that flies in the face of reality.You were the first guy on the scene and he spoke to you,CONGRATS, now get him on paper.The owner right now has options and if you low ball him you lose!

Are there any specific strategies or rule of thumb to follow in order to buy way below market values ?

Depending on the state the rules for a land contract can mean that you have to foreclose if the land contract buyer does not perform.

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.