The 2% "rule" is just a screening tool that says a residential rental property must generate a monthly rent of about 2% of the purchase price if it is to have an acceptable positive cash flow.

Welcome to the boards, I am positive you will find them helpful, as I am sure you will help others here as well!

Don't forget to add in all the items that everyone leaves out of their APOD when they are marketing their property (management cost, repairs, professional fees, etc) With a 12 unit depending on what your business plan is shoot for $800-$1200/month positive cash flow.

Hi-I have a replacement vinyl window that will not 'lock' in the open position.

You should have your own written or at least reviewed by an attorney so you are protected.Should there be a problem, the attorney that wrote or reviewed them will be in a much better position to defend you.

I'm still in a good position, and I'm working hard on preserving that!

Adrian, what is your position?

If you're in a situation where you job (or whatever) can make you move suddenly, leaving you in a pinch, you don't want to get into this same position again.

I'm not sure your position but that might not be the best thing to do.

In my position, I need to write them off against income.