Do you think the local market can support $1100 for a studio, $1500 for one bedroom, and $1775 for 2 bedroom units?

Do you think the local market can support $1100 for a studio, $1500 for one bedroom, and $1775 for 2 bedroom units?

Same rule here: the more victims it sees, the higher the likelihood that the AG would do something.I don't know how many active projects he and his company has going on.

I now subscribe to the ONE note one investor rule or FUND ... but that's me personally and who cares what I think anyway.. right ? 

Also, a good rule of thumb for expenses is 50% of rental income.

There are special rules if you qualify as a real estate professional, your losses are not capped.

I have literally never seen a property that would satisfy the 1% rule, and costs seem to be higher here (no or reduced beneficial mortgage treatment, 10-12% management costs).

Using personal funds to pay any of the expenses related to the property owned by the IRA LLC would be violation of the IRS rules and will disqualify your IRA. 

A good rule of thumb is, the more players involved, the more focused the target and strategy should be. 

Here are the numbers:Monthly Payment: $1,255.60Principle balance: $177,466.11Principle: $301.61Interest Payment: $555.52Escrow Payment: $398.47Mortgage Insurance Payment: $125.36Additional Principle I pay each month: (Roughly) $144.40, to make the monthly payment an even $1400.I was given a rough appraisal of about $275K to $290k, and I know id need to meet the 75% LTV rule, so there's probably not as much Cash out equity available as I'm hoping for, but I figure Id see what my options are.