What I mean by that, is that I inquired with quite a few local banks what loan programs, rates, rules (overlays), etc they had in preparation for me buying several more rental houses around the beginning of last year.I really liked what Union Bank had to offer because they were a portfolio lender and could be more flexible with the number of loans allowed.

Study your state's tax deed rules.

I'm also not a big rules and red tape fan either, many COAs I've seen require their own application from the tenant which can really slow down my rentals.

Sean Breslin, EVP at Avalon Bay (one of the large apartment REITS) who was also on the call said that one dynamic that they really look at when selecting markets is job growth vs. new supply and sure enough M&M Research had a slide on that too: The rule of thumb that you hear from the institutional guys is that on average it takes about 5 new jobs to fill a new unit.

These esoteric 2%, 50% rules...

I used to write everything down on scraps, then I graduated to ruled paper.

Those that have broken this rule (now up to 6 after seven events over a 3 year period) are never allowed back.

Using the 50% rule?

Those can be ruled unenforceable.

If there isn't anything about a deed restriction, like not being able to resell for 30, 60, or 90 (or sometimes more) days then you can probably double close without any issues.If there is a restriction then you can still usually sell it just for some capped amount (I think usually 20%) more than you paid.If you can carry it then you can also wait out the restriction as well.This should be fairly explicit in the documents and if not then there shouldn't be any issues double closing.