What I don't understand is why the govt doesn't just open up the discount amount to everyone with the same rules?

Before you jump into the instant "cash flow" you might want to do some reading on long term expected expenses (50% rule).

Learn the 50% rule... essentially says long terms all your expenses short of direct debt servicing will eat up 50% of the optimal GOI on a rental.Then learn about Cash on Cash.

I thought the 2% rule was pretty easy to hit in that part of Ohio.Don't get me wrong, solid deal in my neck of the woods in Utah...

If you're hiring a PM, then the "50% rule" almost certainly applies.

It's a PITA, but at least the process follows certain rules, and you're not subject to the vagaries of the credit committee at a local bank, that might well be under regulatory pressure.In answer to your question, yes the bank might "force" your loan off its books, one way or another.

The rule of 70% of ARV is not follow by a lot of investors that do volume.

An investor landlord has to abide by the Condo HOA Decs/Bylaws and Rules.

Unfortunatly, as in everything in life, the 80-20 rule applies.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.