Non-payment is the easiest eviction case - a Judge must rule in favor of the landlord always UNLESS the tenant can prove repairs were not made.

I imagine much bigger name investors can get around some of this prequalifying but until you establish yourself you have to play by the rules and "polish your apple".

I have heard some folks here talking about the 50% rule.

Paul, Others will give a more detailed response but here are the way I see the numbers:Purchase price: 250KRepairs: 30KClosing costs: 7500Total: 287,500Monthly payment: $1912.75 @ 7% for 30 yrsMonthly Income: $4800 50% rule: $2400 - 1912.75 = 487.25Cash flow = 487/3 units = $162 per unitThat is good.The other questions:1.

You can also check into your HOA bylaws/rules and see what (if anything) it says in those.

With that being said, Most wholesalers stick by the 8-10% rule on sales price (50k property should net you 3-5k profit in assignment).

(3 family, 2 family)Asking price #1 $129,900annual taxes- $3106monthly income- $1650Seller owes full asking price and will do a lease option.Asking price #2 $124,900annual taxes-$1665monthly income-$1150Seller owns house outright and will do 100% owner financing.I think (please tell me if I'm wrong) the 1st house is close to the 50% rule, the 2nd does not come close.

You should search the "50% Rule" at the top of this page or just look at one of the topics in this forum on the 50% Rule.

Read a few books, learn about the 50% rule here, start networking, and start looking at deals.

v=eg8LhxYqBJs&feature=related wait till Mr Obama can not deliver what he promised The 2 rules in our world right now All the money is gone It is not coming back, there is no "sherriff" to get it back either.