I'm thinking by the 2% 'rule' if I can rent it for $400 a month, it would be a decent deal if I could convert it for under $20K.

Here's an exception to the rule, at least inside.

Read the sticky thread in the landlording forum about the 50% rule.

(I plan on buying units and selling or lease/optioning units).I've heard that you can look to local lower end apartments and subtract 20% but that seems like a rule of thumb at best.

I was wondering if anyone had heard the rule of not spending over half of ones' savings on anything if you have no debt.

I won't completely rule it out at this point but due to a personal issue I now may not be able to use the contractor that I wanted to for this house which would make the deal not work.

Pursuant to rule 2 13.0003(2), Florida Administrative Code.

Your local market may be different but here are a few rules of thumb1) Investor financing is tough for any situation.2) Cash out refinancing is not available. 3) Refinancing will take some seasoning, perhaps a year.

As general rules, the more basic the design features, the more basic the colors.

I am not upset with hud, i just wanted to put this out there to warn other investors about the rule change