Look at the 50% Rule cash flow.  

I want to apply to an FHA loan.

I understand it will depend on the condition of the house but is there a general rule for that? 

Short REITs such as avalon that have large exposure to markets such as SF Seattle and NYC where rents went up so high to drive people to purchase but developers kept permittingNote analysis does not apply to sfh and non top 10 metro.

Someone correct me on this if I'm wrong but in your situation I don't believe a lender will count the potential rental income of your current primary residence if you're still living there while applying for a mortgage on the second.  

Heat is but a/c is notFollow the rules exactly as required in the property code before taking any action Send a certified letter requesting repairs and demand they be completed in 7 daysIf they are not completed, you can make the repairs and deduct from the rent or move to terminate the lease

There are additional rules for holding it less than 5 years (100% deferred gain recognition), 5-7 years (90% deferred gain recognition), and > 7 years (85% deferred gain recognition).- Any depreciation taken on the investment in the OZ is permanently saved and NOT recaptured if held for 10+ years.

As someone who is a potential first-time homebuyer - would you recommendBuying or Renting in the Greater Boston Area, MAif you are considering applying and enrolling in some sort of graduate program in the next few years?

There are rules."

The court ruled to evict them but they appealed and I just found out that they had to pay a rent bond to the court when they appealed (they have since moved out and I have sold the house).