The numbers work although using the 50% rule you'll end up closer to 190 a month assuming you could pick it up at $52k.

. $800 (GOI, Gross Operating Income) * 50% (rule of thumb on expenses)= $400 (NOI, Net Operating Income)... $400 - $330 = $70 (free cash flow)... $70 * 12 (months in a year) = $840 (yearly cash flow)

-Steven the Tax GuyYour Guide to IRS laws, rules and regulations.

Depending on where you are there is a 3 to 7 year contemplation rule for disposing of assets, attempting to dispose of property prior to any application for any assistance can require the value to be considered, so my advice is don't mess with the title, except as to a family trust.Good luck....

Tax and Ins are actual.According to it I was getting $1915 a year cash flow at 12% COC return.I have already had to put in a new septic line that cost $800 so my maintenance expense is already shot.Using the 50% rule it cash flows $72/month for a 5% return.So, do I refinance longer term to improve cash flow?

That number is the potential profit on the deal.If that number is high enough to justify the work, you potentially have a good rehab deal on your hands.

Bending on the 50% rule, etc. to get offers accepted, or continuing to make lowball offers?

Don't get overly concerned about public liability but you do need to be aware, keep properties in good and safe condition, know the rules and conduct your business with attention to details and you should be fine and carry insurance....And I believe Texas has an LLC that limits liability to a subject property safeguarding other business assets, which is unique, I suggest you simply form your business in Texas.

our board came new rules and regulations without a vote of the association members.

What could be the best way to get involved where I ain't breaking no brokering rules and protecting myself from getting paid?