I've watched the 50% rule being discussed here many, many times, but I haven't seen my particular question answered.My investment property taxes and insurance vary wildly from one property to another. $30.00-$250.00Mo. for ins. and $50.00-$300.00 for taxes.What is the price point for insurance and taxes that the rule is based on.Obviously I need to calculate a lower percentage for expenses if T&I is only $80.00mo. and a higher percentage if T&I is $550.00mo.

I agree with you that the price to rent ratio, aka GRM - gross rent multiplier, varies widely from location to location.

Reasons for needing to sell vary.

TPAs have widely varied fee structures.

It varies depending on what part of the country the property is located in but here is what I have seen recently in California (bay area).

I know that cost will vary from contractor to contractor and state to state.

This is a paraphrase of the laws as I remember them and things may now have changed.This, of course, almost effectively almost requires that an re agent be involved in some phase of the deal even if you are not required to have a liscense.All such liscensing questions should be verified by a qualified attorney in the area in question as those laws vary so widely from state to state.All that being said I also agree that the monies spent on the RE liscense is some of the best education that you will ever pay for.

Laws vary from state to state, but you should be able to find a 'rentable' attorney to guide you (and make sure s/he specializes in real estate because in these hard times many will claim to 'specialize' in 'everything').Good luck and keep us posted how things work out.

(basically additional time and money before they will have it off their hands)If you get a yes back, contact a GOOD real estate attorney and have him draw up the assignment (speak with him/her first and get the correct name of the assignment form as this varies slightly in some states....and be SURE he knows EXACTLY which one you are referring to).

The market is going to vary per location so I will definitely do some research here as well.