Get THEIR buying rules and get finding.

Based on rules in my state (Virginia) and the local municipalities, (as is my entire input in this post) make sure you are allowed to get a permit on this home for the new location.

That's the "50% rule".

We asked what the rule is on terminating early if we renew again...but we move part way through.

While the numbers are meeting the 1%, 2%, or 50% rule they are still great for our investing strategy.Definitely check out the blogs, podcast and forums.

Is there something like a "statute of limitations" that could be invoked to grandfather in rented units since lack of rule enforcement could be seen as consent to allow renting?

I have heard/read somewhere that ideally someone investing in property would want to see returns no more than 2 years laterThis is NOT a common rule of thumb.

I'd follow the 70% rule.

I believe that I need to pay back the tax credit since the house clearly is not my primary residence, but I am struggling to figure out the best way in which to do this.I don't know all of the rules for this, but would it be possible to amend my 2010 return to pay back the credit then (basically as soon as I got it?).

Typically, you'll pay $50-$100 for 5-10 days to inspect.There is a lot more to a purchase contract than just a simple rule like that from your RE agent.Hope that helps.Angie