To anyone interested from my previous post, I ended up ruling out all those previous applicants.

That is a lot of work and expensive, but the right vehicle for raising a substantial amount of capital.The above is just my experience and certainly not a hard fast rule.

I wouldn't suggest using them from an unknown source and especially from a different county as the rules in Canada would probably be different.

We've put putting most of it back into capex - we are in our fourth year, 48 units, all cheap and run down, so we've been putting everything backn into business.

All the repairs were magically over $100.00.My point is that if you make a rule for a tenant, then you must really think it through.

The SEC still has not written the rules that were supposed to be written by July 4, 2012.Your friend lending you money is probably not going to cause an issue under securities laws, but you will need to make sure you comply with the SAFE Act and any state lending laws.If you and your friend are partners (members) in an LLC, and you are both involved in the management of the business, then you probably don't have any securities issues because his membership interest would not be a security (even if he puts in most or all of the capital).

That is the situation better explained.Sarah Bixby and John Thedford thanks for that 1% tip, never know about it....is that 1% return on rental rule supposed to be net or gross ( meaning after taxes and insurance and other expenses)Now the plot thickens.....las afternoon i received a call from my realtor, that the bank is considering another higher offer , and if i would consider give a higher offer.

Hi Elliot,To really analyze the deal, you'll want to factor in a few things (i.e. repair expenses, vacancy, etc) that you may have overlooked from your numbers above.Try searching for "50% rule" on here, or check out this (rather long) sticky thread to get an idea of things you'll want to consider:http://www.biggerpockets.com/forums/52/topics/17612-where-does-the-5-rule-come-from-

The exception to the credit rules is a new grad working in a job in his degree field.

This is a classic case of an HOA that has some vague language in the rules and then has a Board Member who is trying to use the vagueness of the rule to insert her personal aesthetic on the community.