We still find deals here that meet the 1% rule, positive cash flowing, and have tons of potential for appreciation.

I have been battling with the credit bureaus for 15 years between 2 divorces, and multiple incidents of identity theft (the untold effect of military service).

Note with the current rules, I never plan to pay taxes on the appreciation. 

There are a few other options as well that can be taken to escape the FHA to Conv. 12 month rule.

@Michael Palmer As a general rule of thumb bank originated construction debt will be WSJ Prime +1 point with a floor, 1 point origination and 75-80% LTC while meeting certain LTV thresholds (normally 70-75%).

Warning: Schedules C claiming expenses without any income are not against the rules, but they are IRS audit flags. 

Asking in the correct forum will get a better response.Read the RULES!

Indeed, the FAIR ordinance is anything but fair to non-corporate landlords, seemingly punished for investing in rental houses to generate income as an alternative to stocks and bonds.A handful of opportunists likely could learn to exploit these new rules, preying on otherwise law-abiding landlords to obtain legalized shake-down payments.

Doesn't mean they're breaking any rental rules.

Also the 1% rule is about as good as the rule thumb and not based on current conditions or current data.