Based on the 50% rule, tax records, and deed records, these people WAY overpaid (apparently they expected the Texas market to do what the California market was doing).I ran the numbers, and in order for the deal to make sense to me, I'd have to buy at 50% of the asking price.

Because of the Golden Rule.

His wife was adamant that the tenants move right away but finally agreed after I established a strict set of rules for the tenants.

There ARE rules regarding service animals, but there are also people who circumvent them.

I just made that my own personal rule..:)I've tried several different types of Standard Buying Contracts & found that Florida's standard "FARBAR" that realtors use, works the best for me (I'm in Florida).

The general rule for rental real estate losses is that they are passive.

If you intend to use a plan that allows you to invest in real estate the document will be much more complicated because of additional rules that must be included. 8)

It's the old 80/20 rule.

A great rule to keep in mind during conversations at REI meetings is that you have 2 ears and 1 mouth for a good reason.

Although I agree with you on the number of deals, the banks do not and since they have the money they set the rules.