Please familiarize yourself with the rules of the forums. 3 of your first 3 posts were solicitations for partners.

The numbers look like this: Property price: $47,000 (our offer) # of units: 5 Monthly Rent: $1,900 Expenses (assuming 50% rule): $950 Down Payment: $10,000 Monthly Debt Service: $287 (20 years at 7%) Monthly Cash Flow: positive $663 ($130/unit)I've had the place inspected and it will take some money to fix it up.

The rule of thumb is that expenses (vacancies, insurance, taxes, maintenance, property management, etc.) will eat up about 50% of the rent.

I'm considering purchasing some properties in Southeast Florida over the next couple of years.Would anyone care to share some rules of thumb or general advice about vacation rental properties?

Generally, the rule is 2 years between "owner occupied" loans without raising any eyebrows.

And just what rules are you talking about.

As a general rule always plan for a counter offer unless you are paying list price.

There is no hard and fast rule to determine whether you are a dealer or whether you are just an investor, however, if your primary source of income is from flipping a bunch of houses every year, you will probably get called a dealer.

I know it depends on a bunch of things, but looking for general rules of thumb (incl labor).

I'm not personally aware of any rule that says you cannot do a cash out refi immediately after purchasing the property....