However, it is now tough for me to qualify for a conforming loan because I already own 4 homes and Freddie has just changed the rules there.This home is probably worth around $300,000 and I am willing to sell it for between $200,000 and $240,000 depending on the terms.

Some of the expereinced folks here use a rule of thumb that says expenses (including insurance, taxes, vacancies, maintenance, management fees etc.) will be 40-50% of gross rents.

Its the same as if you had a mortgage or owned it free and clear.Read up on the "50% rule".

Your "if I applied that rule, I'd never buy anything" is a common complaint.

Nothing man does is perfect but I know, at least for the men that served with my friend, the desire of those service men was indeed to offer freedom and the chance to live a life not restricted by fear.

A very old rule of thumb is that rents should be 1% of the property price.

TJ,When looking to buy a rental property, many investors use a 1% rule.

Sorry, I read the rules after I posted.

Dealer financing is definitely an option, although your credit score may restrict your brother from receiving a low(er) rate.

As the public begins to grasp t he depth of the betrayal and abuse by our ruling class, as the Democratic and Republican parties are exposed as craven tools of our corporate state, as savings accounts, college funds and retirement plans become worthless, as unemployment skyrockets and as home values go up in smoke, we must prepare for the political resurgence of a reinvigorated radical Christian right.