Keep in mind that I am not familiar with your states rules and guidelines on this matter.

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

But I am also a fan of the 50% rule and here to invest in real estate, and anything else that still holds intrinsic value when fiat currencies are manipulated and then collapse (as they always have).

Are there rules of thumb for HUD or websites/books you can point me to?

I have done the math and even with the 50% rule I come out with over $100 positive cashflow.I know this is a general question, but am I missing anything??

Also study the landlording forum and make sure you understand the 50% rule.

Apply the 50% rule to the rent.

Good post , Mike if you believe in the 80/20 rule , that 80% live in a fog, while 20% are actually the Doers& Thinkers of the country, then things will eventually work out just fine because the free market system works perfectly (minus the criminals and the greed, or is that possible).

Vicci,You have made a total of 4 posts, all of which are solicitations for what I assume to be Mercer's company.Try reading the forum rules and adding some value rather than just making solicitations, they get deleted anyways.

I broke one of the golden rules. lol Next thing you'll see is..."