I've been reading on the 50% rule for calculating viability on a potential rental income property: Gross monthly rent-(minus)50% for operating expenses______________________________(equals) NOI(Net Operating Income)-(minus)mortgage payment______________________________(equals)Cash flow (positive or negative)My question is: Does the 50% rule ever become.. the 65% rule?

I was cash flow negative 20-60 a month all of this time.Now that I am trying to make myself a rental business, I'm looking at it like a business. 

How are you going to balance out all of the negatives which you listed for the rental market?  

Don't want to be negative, but the pictures could use improvement.

And the cash flow was really negative not positive because the expense numbers were never correct in the beginning.All this led to the 50% rule which is a good one and pretty dog gone accurate..

Sorry to be so negative.  

Do you guys think this is a big negative?

You should take a look at their credit and not just dismiss it.I used to do high rate auto loan financing and we'd look at "ability and intent to repay" more than credit scores, but never forget there is a reason banks wont lend to these people, its because statistically they dont pay.

It's quite common in houses it that area because most of them are old, so not like a negative or something odd if the house is eventually sold as well.

I have not only seen numerous negative information on this scum, i have attended his low ball meeting that he holds at a either Jack In the Box or Motel 6 or Super 8 hotel conf room and leads NOWHERE.