Examples: *Duplexes with rent potentials of $1,500 per unit selling in the $500-700k range*Quads with rent potentials of $800 per unit selling for $500k+ (that need about $80k in repair)...I mean just quick 1% rule would make me RUN from this type of property...right?

I'm considering 1. selling a property to diversify versus just 2. not buying any more real estate and investing only in Index Funds and Bonds until I get to the asset allocation of 50% real estate 50% equities and bonds, however, because of my substantial equity in R.E. it could take 10-20 years to get to 50-50 without selling a property even if I'm investing 50% of my net income.

@Glenn English pretty standard rule in most of the country.

Specific rules apply under such transaction, however.

I can borrow at 6% from a person fast at 50% of value.

At best, I would send them a gift card in appreciation for their patience with the issue taking so longDo not apologize...... say 'I appreciate your patience with this taking so long...here's a $50-100 gift card to take the family out to dinner...thank you for your understanding".

I had a friend, who currently has 30+ units, claim that he had 50 at one time in another state before moving to my area and starting over.

If I had 50 houses right now I could rent all 50 with this hot rental market we are in.

well instead of checking with folks on the internet why don't you call your state agency that controls lending and ask them what are the rules.. every state is different just because some one is doing it in antoher state makes no matter if its not legal in your state..

When they told me how much they wanted, I felt they were a little optimistic with their asking price and their estimated rehab budget, but after a few rounds of negotiating over text, we agreed on a price that was $15k under their original asking.The numbers were:Purchase price: 80kseller repair estimate: 35kARV: 180k to 195kMy hard money lender would only lend up to 65% of the ARV and they chose to go with a conservative number at $175k, so based the 65% rule I had to be all in at $117, so that gave me a budget of $37k.