When doing rentals in college areas do you need to use something like a 55% rule?

Also be aware that if you are trying to flip and sell there is a 6month flipping rule for FHA mortgages.

or the 10 post rule was put in after I posted then

Hello fellow investors. I recently stumbled across this GREAT deal that is owned by Fannie Mae; however they put language in the contract adendum that prohibits me from selling the property for more than $44,400 for ...

If they come to the table with non-FHA financing, the seasoning rule does not apply and we can sell quickly without fear of the FHA rule.

in general is there a rule of thumb when it comes to how much $ to set aside for each rental property

If that's an essential part of your exit strategy, don't for a moment slack off and let them get away with compromising the rules you've set for yourself.

However, by keeping them in mind and using the 80/20 rule, they may help in the decision making process.

(I know you didn't ask but thought it might be helpful anyway.)TTYLJim Watkinswww.dfwmentor.comIs there a general percentage that you use to rule out which properties are keepers/losers?

In addition, check out any restrictions on renting with the home owners association, which, if there is one, can have a say in any rental agreements.Plan on spending time and money advertising for and interviewing potential renters.