Still, I'd be familiar with the protecting tenants at foreclosure act that was rekindled last year, for Federal rule guidance and then of course, your local or state rules as well.

Because I am possibly getting the place for around 75k, I feel like it wont be hard meeting the 1% rule.

The rules and standards regarding commercial appraisals aren't as strict as residential appraisals, ironically.

Dimitri,  call your Vanguard rep and have him/her explain the rules for Roth IRA distributions.  

Have you heard of the 1% rule of thumb, that you want to get at least 1% of market value (some would say purchase and rehab cost, which for most investors would come out to about 20% less) for rent for it to make a good rental.Time will heal wounds, though. 

At current asking it is a slightly positive cash flow situation....I would have to go in, immediately be the bad guy and say look, clean all this up, here are the new rules, and your rent is going up too.   

I’d set out clear defined rules and expectations.

Check your HOA rules as well if you have one.

yes if your making the rules.. what the other gentlemen was talking about was lets say the deal was an 80% LTV  but they still want to do it.. instead of you turning them down you would then say..

But as a rule of thumb, the more doors the better, so I would focus on 4-unit properties if that works for you.TYFYS and best of luck!