I am very familiar with this rule of thumb, however it seems so misguided and arbitrary and takes into account almost nothing other than a base rental assumption.Say you've got a 10 unit building and most tenants are ...

This makes the well-known "credit card trick" more difficult to execute effectively.Get a stainless steel door frame or an extremely sturdy (ash or oak) wooden frame.

I have found all the information to be extremely beneficial and have thoroughly enjoyed learning many aspects of the real estate business here so far.  

Make a 100K loan on a 1,000,000 property, that lender is not going to get 900,000 as an extreme example.

The chances are probably not very good unless you can partner with someone who has an extremely good reputation rehabbing properties in your area, that person will need to be a guarantor on the loan, and have a long standing relationship with a particular HML,If you have those it is possible, but probably still not likely. 

I see extreme overbuilding.

Effective, sustainable, profitable, and delivers the optimal return on your time, skill, and money.One of my favorite Warren Buffett quotes, "Price is what you pay, value is what you receive".The investors I know that are most successful and who I most want to emulate, challenge me to focus on asking more powerful questions that will likely lead to more powerful answers.Here are some resources and areas of study that I have found to be extremely valuable.1) Public libraries & especially law libraries (nudge nudge wink wink) contract law, real estate cases and guide books that are state specific.2) Understanding title 3) Public record searching4) Studying marketing and human behavior: What influences people to say yes or no?

Hello I am extremely new to bigger pockets and I'm interested in buying a property in the Morris county New Jersey area.

Here in Canada, its extremely to get what we call 'legal basement' here.

Will it be extremely difficult to convince new clients to come on board if the company only has a single property?