That's why the 1% Rule (or really the Monthly Rent / Property Purchase Price rule) comes to mind as a very convenient method to quickly compare multiple deals and decide which to pursue.

I’ve tried like 8 lenders and they all say theCutoff is 50%.

Also, this is going to sound rather controversial but I've been formulating this theory for a while but I don't think that the 1% rule applies to the Boston area and here is why:That is a rule of thumb to use in a cash flow environment.

@Shmuel WaldmanI don’t buy much at sheriff sale, but from the times I go maybe 1 out of every 50 properties sell to third parties.

@Benedict ReyesYou will need to check with your plan administrator as the following 401k participant loan rule will need to be considered. https://www.irs.gov/retirement-plans/retirement-pl...https://www.irs.gov/retirement-plans/retirement-pl...

Total monthly payment (assuming taxes and insurance are included): $2205 + $417 = $2622Lease amount: $200075% of Lease: $1500$1500 - $2622 = ($1,122)That's an extra $1,122 per month that will be counted against you just like an extra monthly payment.With a monthly salary of about $7000 and great credit, there's a good chance you will qualify for a monthly payment @ 50% DTI, or $3500 / month. 

I called over 50 title companies and they want $400-500 per property.

You certainly have to understand the rules of an SDIRA and then play by them.

How do you calculate the 1% in the One-Percent Rule?

@Bess Carter  Definitely bring a GC, $50-$100 for a quote should do it. some may do it for free.