It's not easy when you're doing it remotely.

Hi All-If an investor follows the rules of thumb that bigger pockets lays out (2% rule, etc) you can ASSUME  that there is a large enough cash flow cushion to absorb any risks in the property.

That's easy.  

only fannie has the 90 day flip rule  conventional,VA,USDA ,are good to go 

@Liwen Gu, If you only buy a property for $150K you would have a taxable event on the $50K difference between what you sold and what you purchased.Think of it as a two  part rule.  

And finding a condo that satisfies the 1% rule can be pretty tough.  

If you make sure your property is as close to the 2% rule as possible, the property will take care of itself vs. you having to pay for someone to live there.  2% ex: buy for $50K and rent is $1,000 per month.  

Sounds easy enough but the bank doesn't want to play along since this is now an investment property.  

It's not always easy, but you can bet that the homeowners will back you.

I currently have a few units and I'm looking for an experienced manager who is accessible and bilingual (Spanish) to assist mostly with communication, enforcing rules, inspections, tenant screening, rent collection and move in/out preparations and evictions.