While the numbers are meeting the 1%, 2%, or 50% rule they are still great for our investing strategy.Definitely check out the blogs, podcast and forums.

Is there something like a "statute of limitations" that could be invoked to grandfather in rented units since lack of rule enforcement could be seen as consent to allow renting?

I have heard/read somewhere that ideally someone investing in property would want to see returns no more than 2 years laterThis is NOT a common rule of thumb.

I'd follow the 70% rule.

I believe that I need to pay back the tax credit since the house clearly is not my primary residence, but I am struggling to figure out the best way in which to do this.I don't know all of the rules for this, but would it be possible to amend my 2010 return to pay back the credit then (basically as soon as I got it?).

Typically, you'll pay $50-$100 for 5-10 days to inspect.There is a lot more to a purchase contract than just a simple rule like that from your RE agent.Hope that helps.Angie

A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465k At these prices my calculations don't seem to cover the 50% rule.

Now I have an identity crisis.

I'm new at real estate investment and have been reading everything I can on investing properties, specially at Bigger pockets. My goal is long term investment. Buy and hold. Being so new I would the more experienced o...

To anyone interested from my previous post, I ended up ruling out all those previous applicants.