Here's my rules of engagement for my business ventures whether for profit or for public service and this one will be for both.

As a general rule, a property that cost you $185K and that rents for $1400 will be a significant money loser.

Does anyone know the rules on taking out a loan as a vacation home vs an investment property?

A rule of thumb is that expenses, over time, will average 40-50% of the rent.

The lenders ALL put that restriction right into their approval letters ––the buyer cannot be substituted.

In other words, I have heard that if a lender (bank or servicer) forecloses and regains possession, then they must keep cash reserves on hand of 30% of property value.I have also heard that the requirement to adhere to this rule hinges on the lenders standing as viewed by the FDIC.True?

Our plan was to continue, buying properties with transitional 15% deposit route but by then market changed and our lenders became very restrictive on further lending on existing investment properties.

I wish the 80% rule would apply but apparently not with them.

There are restrictions on creating groups for new members to prevent abuse.Thank you,Josh

Conforming" for a loan means it conforms to Fannie Mae's rules.