Two general rules of thumb:1.

It's a good thing though :)Since buy & hold is your aim, check out this video if you haven't already:I use this rule of thumb to evaluate every deal I come across.

I am wondering how to use certain rules (such as 50%) to know if this is a good deal.

I think our MLS rules are within 1 day Sold status has to be entered and for a new Listing must be activated within 2 or 3 days (don't recall exactly) of the contract date.

To add a layer personal protection in case of a lawsuit or as a strategy when a bank puts a clause on a REO purchase restricting you from selling it within say 6 months or 90 days.

@Jon Klaus I think the juries still out on what the rules are going to be.

The addendum over rules any conflicts it has with the contract.

Unless you have some fairly ignorant buyers, it's difficult to wholesale off the MLS, as everyone else is already looking at them, and most will have resale time restrictions.

But real estate is a relationship business, so unless you want to make unnecessary enemies (and local RE agents are very quick to make enemies), just learn the rules of the game and keep playing it.Btw...

(Where reasonable, the landlord may permit changes only if you agree to restore the property to its original condition when you move.)Refuse to make reasonable accommodations in rules, policies, practices or services if necessary for the disabled person to use the housing.They do not state you are required to take someone as a tenant if they have a disability.