The defense of the 2% rule is that it is a rule of thumb which allows you to reject a property that doesn't measure up based on the numbers.When you're looking at a fix and flip, the rent is not a prime consideration, many times the property is vacant and often uninhabitable. 

My wife and I started looking into investment properties about 6 months ago and pulled the trigger on a multi family duplex a month ago, we have one side rented out post reno (3 Weeks after we closed) and will have the other side rented out in early March.

If your market is a really strong buyers market then that would be a consideration to make it more marketable.Most bang for the buck would be adding a bathtub to the 1/2 bath as long as you don't cause a defect to the rest of the home's appeal by doing so.

I'm a firm believer in doing your homework and don't ever be afraid to pull the trigger on a good deal.Best of luck.

This triggers Capital gains AND recapture of any depreciation.

If the answer is yes, then you know your demographic can have no problem getting approved for the loan.Another important part to take into consideration is HOA holding costs on high end condos can be close to a $1000.00 I had two luxury condos a while back.

FYI, for your reference below is a description of both courses I've been looking at.Basic Appraisal PrinciplesThis four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, market area analysis, highest and best use, and ethical considerations.

My county will also take into consideration the amount of income I'm generating on a property.  

Do you consider the timing of your offers, the type of deal that you look for, or any other considerations?

Consideration could be cash, a note or notes(s) and/or other assets.