Your 2% rule, 50% rule, $100 minimum per unit per month, etc makes real estate investing so easy.I know these are just guidelines and a detailed due diligence is necessary, but I think these rules save a lot of time.

.$280K$56K downP&I: $1200.00$2700 Total Rents - 50% rule = $1350.00 - $1200P&I = $150We've also broken the 50% rule down further with what we believe to be more accurate numbers:TAXES: $279INSURANCE: $279 (This is estimate as I wait to hear back from ins. agent)VACANCY 10%: $270REPAIRS/CAP EXP: $162PROP MANAGEMENT 10%: $270 (We'd be managing but have this built in for the future in case we didn't want to manage)Total: $1260.00$1260 + $1200 P&I = $2460.00Total Rent: $2700-$2460 = $240 cash flow.CAP RATE 6%GRM 12CASH on CASH 5%We realize that this isn't a great performer overall.

That's a pretty simple rule, common sense can usually guide you. :)

From the CFPB clarity on the new servicing rules.

Overall summary of the rule.

Find your state eviction rules and post a "pay or quit" notice the instant it is legally allowed.

Once you find what the zoning is you can look up the zoning code and read rules on additional dwelling units.

Are there community rules documented somewhere?

The catch here would be what the CFPB will do later in 2014 when they address the issue of RTO, LTO, LO, et al as they refine the SAFE Act with more Rules and clarifications.

It looks like some rules have changed on Nov 13, and now it appears there is a 5% downpayment.