TXI'm happy with the realtor I am working with so I really don't want to chase him off but being this is the first rental property I'm looking for (as you may gather from other threads "rule of 100"), guess I may be trying a little too hard.The point is, in a level market (generally speaking) how do you or how much can you justify shaving off an asking price from out of state without p--- off the realtor and having the seller laugh at you?

OTOH, we've been married for 25 years and our rule is; one says no, then it's no.

Rule #1 No middle man.especially Realtors.

I could see 65% being a good rule of thumb, but doesn't value of the property come into play as well?

If there is a zero lot line rule then you have options but...You will eventually need to get to plans with an architect to see how you could layout the units.

That is, there is not necessarily a rule for amount of option fee or monthly rent - it's whatever the market will bear.If the renter exercises the option, you would have already established the purchase price when you setup the contract.

Hi all,Wanted to start out by saying thanks for some great info on here.First let me say I'm relatively new to real estate investing, and I come from a technical engineering background and am finding it VERY difficult to justify things I've been told to say by my coaches, because to me it feels like I'm manipulating instead of being straight forward and honest.

If the Investor has not identified any like-kind replacement property within the 45 calendar day identification period the capital gain income tax liability would be recognized in the following income tax year pursuant to the Installment Sale Rules under Section 453 of the Internal Revenue Code because the Investor does not have the legal right to obtain access to or receive the benefits from his 1031 exchange funds until the 46th calendar day, which is in the following income tax reporting year.

Dear Complete,Rules may be different in your state, but typically homestead applies on an owner-occupied home where the owner has filed for bankruptcy and the trustee (the bankruptcy trustee) has forced the sale of the property.

People base their decisions on emotions then later justify their decision based on logic.