Now you should take the 70% of ARV rule = $101k minus your estimated rehab of $52,000 so its purchase price for me not more than $49k.It depends on the age of the propertie if you should use a 50% expenses rule or better a 60%, I take always 60% if older than 40 years.

This one can't even meet the "1% rule", and most will tell you that at 1% you are lucky to break even at those low rents.

I did not tell RE agent because I thought the 90 day rule had been waived by HUD for FHA insured loans through 2014.

Depending on your state and local rules, and whatbisnwritten in our contract, you may be able to sue for damages.

I read through the rules and one that I thought was odd was this...

They can't sell them because the paid too much. know the rulesSome of the risk is not knowing the rules.

Volcker Rule is a big threat to them.

I evaluated the deal looking at comps in the area (hard to come by), the 50% rule, the 2% rule, and common sense based on my personal situation, knowledge, and availability.

Rule 2) Disclosure, Disclosure, Disclosure When you are setting up this type of transaction make sure you are upfront with all of your intentions.

Welcome to BP Nation.Investing strategies are universal and can apply around the world, except for specific local laws and rules, you should be able to learn from this board.