Cloud, MN.5 months on the market with the top rated realty company in the area.Struggling to sell at $124,900 after starting at $129,900. 10 showings, no offers.I was looking at renting this place out (since I already have 1 rental property) & waiting for the market to continue it's rebound.But the 50% rule is scaring me off now, as the house barely cash-flows when only considering PITI and PropMgt. $1100/mth income vs. $940/mth outgo.Am I overlooking viable options for moving this property?

@Karen Margrave Actually a federal appeals court in California ruled that taking pictures of people through their windows is legal as long as your not standing on their property.

I'm still trying to get a better understanding of what are basic rules and which can vary depending on policies, location, etc.

Just a good rule of thumb).As for whether that's worth it for the deal, that's really up to the buyer, but a 2006 National Association of Home Builder's report says that it averages about 11.5% of the value of the home.

Meaning, the simple rule of supply and demand is not justified correctly?

On all my posts, I use in front of the post and after everthing to format everything centered, instead of left justified.

We moved to MN 10 years ago and rented out both the homes for a few more years then decided to sell because we wanted the equity out of the house (3/5 year rule).

We moved to MN 10 years ago and rented out both the homes for a few more years then decided to sell because we wanted the equity out of the house (3/5 year rule).

It wouldn't be too hard to justify this with the market that was as bad as it was.

thx,ChrisNo, you can not do that under the 60 day rule, however, with your current plan administrator, you should have borrowing provisions and thus, simply borrow the funds from your 401k up to 50% of your vested interest to $50,000.