I heard another investor on Bigger Pockets say that too many people let the 1% rule prevent them from getting started.So I thought I'd start a discussion to hear stories from people who have made a deal that didn't at first meet the 1% rule for a rental property nonetheless turn into a profitable investment.

Most title companies are hip to it so most will leave off the last 4 numbers from the wire instructions and ask that the sender call in for the final 4 numbers to prevent this scam. 

If you didn't prevent how could you use what you have and learned to propel yourself forward.

Getting really clear now (both with regards to your business relationship and gameplan) is going to prevent a lot of fires down the road. 

My experience is that nine times out of ten even if you can find these people they will not talk to you or there will be some other issue that prevents you from actually acquiring the property. 

I also set aside some preventative funds before "distributing" cashflow, as this is going to give me (and my partners) the best expectations and most stability in our investments and earnings.However, most people who are advertising to woo clients are not doing that because they would rather promise you $400+ in monthly cashflow per door and then experience $200/month in average "Cash calls". 

Prevention is far superior to solving a problem....Now ask me how I learned that!

The prep to make this prevent water damages to the rest of the house will cost more than anything saved.Subway tile is in style and super cheap if shopped around. 

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

I just listened to episode 350 and enjoyed the discussion about sacrificing comfort for stability, specifically it was mentioned buying large SFH and converting to have roommates.This is an interesting concept to me as a house hack but I’m left a little confused, is it really that simple or isn’t there some zoning ordinances to prevent putting multi families in houses like that?