Does this extra tidbit change the rules?

If you don't learn the rules to the game you will lose.97 percent of the population at the age of 65 will be eiter dead broke or still working.

The rule of thumb from that other thread is that expenses run between 40 and 50% of rent.

is there a rule or a limit that applies where you can only bird dog certain houses?

With numbers this tight, you need to look at all the factors instead of using the 50% rule.

One thing to remember is that once you are licensed you must disclose that before any deal you enter into, so be careful and know what disclosures and rules are out there for Realtors!

I thought they had to furnish it by Federal Rules 24 hrs. ahead of closing but actually it apparently has to be furnished ahead "if prepared" .

I heard the saying "If you arent embarrased, You aint asking low enough" but is there a general rule as to the max you offer below asking price?

I prepare the documents myself and charge $400 doc fee, so that's a tiny bit of extra casho in my pockets.This is TX and when they tightened up on the CFD rules my attorney recommended I just do fee simple sales.This would have been easier if I still lived here but CO is so much nicer than TX.Anyway my guys called me today and want to close tomorrow instead of Thursday so I have to cancel a couple of tee times but I get to go sleep in my own bed instead of on an air mattress.all cash

I just want to make sure I have an understanding of the 50% rule. 8% Vacancies6% Insurance11% Taxes11% Maintenance/Utilities6% Management8% Major ProjectsWith the remaining 50%, you subtract the mortgage payment.