I am not a huge fan of this rule because maintenance/cap ex is not primary a function of the rent but ...So if I use $1K of the PITI is mortgage debt ($330 taxes and insurance) then for an $1850 rent we have:$1850 (rent) - $925 (50% rule) - $1K (debt service) = -$75/month.

Disclaimer: I am very picky this time on what mentor I choose as I had one in the past that ripped me off, and one in the past that was too controlling and was not a fan of current technology being implemented into realEstate practices (I’d have to explain).

I can certainly tell you that, as an attorney, I am frequently asked to liaise between our clients and local counsel in various jurisdictions around the country for local expertise. 

They have gotten some nice improvements like a new patio, fenced in yard, new AC and all new light fixtures/ceiling fans. 

I buy 2" faux wood blinds and ceiling fans, and curtain rods for each house.

I'm a fan of Hammond and East Chicago.

Secondly, I'm not a fan of the 1% rule.

@Sara Blouin no problem, I frequently have problems with the BP interface myself.I can't tell you how many times I type "@" and wait for a list of taggable people to pop up, and sometimes it never pops up, then I go back and try again, and sometimes a few names pop up, and sometimes a lot of names pop up.

Not illegal and definitely possible. however, some underwriters may question motives if they see you doing it frequently or are not making meaningful changes.

We will frequently will take lowered levered loans despite having the ability to get more because of this.