You might check city ordinances to see if they have any rules, such as maximum 2 people per bedroom.If this is a family, breaking them up could result in losing the tenant.

He is also on Prop 13 tax rules!!

In this way we could stay away from some bank rules on loans and have more freedom to potentially make a lower down payment and have the loan as partners.

Using the 70% rule, determine if the numbers add up.Now let's say the numbers add up:4.

I have not ruled anything out at this point.

I've never really dealt with this scenario first-hand (and I don't ever plan to), but I do talk with a lot of tax delinquent sellers who have back due HOA fees - and just for the sake of expanding my knowledge of how this relationship works, I'm trying to fully understand any/all consequences that come when a property owner violates HOA rules like this.

I'm looking to pickup more buy & hold properties and seems like I have to go west of Worcester, MA to get respectable cash flow (near the 2% rule) or (12+% cash on cash w/ some leverage).

But one never knows how the court will rule.

What do you think the opinions would be of most Realtors who got a license and are trying to play by the rules?

Schedule E helps of course.Verify the gross incomecalculate the property taxes that you will pay when the property is re-assessed after the saleGet a few new insurance quotes because it normally increases for new owners if your lender requires windstorm coverageAdd a management feeuse the 50% rule to quickly look at deals to estimate a cap quickly