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.

You must play by there rules.

But, anyhow, my question is about the legality of caps rather than tenants who break rules.

Here are the numbers: appraised value: 92k 67,500 @ 7% 30yr PITI: 562/mo Currently leased @ 700/mo (will be increasing rent 25 after lease is up for the year) I know using the 50% rule this shows ~100+ loss each month, thus the reason for this post to see what can be done to "fix" my mistake.

You should talk with your account to find out what the exact rules are in your state.

Search for "50% rule" to get an idea of what the other expenses are.

We are a REPRESENTATIVE REPUBLIC based on the rule of law not the rule of man or "fairness" of the outcome, only the opportunity.