The 2% "rule" is a terrible rule, and I can't believe it's actually in the BP guide.

IRS rules prohibit using IRA as a collateral.

While you're at the attorney, I'd ask him some questions about some of the newer rules like the Safe Act, and Dodd-Frank. 

I would take a property and calculate mathematical using the THE 50% rule and the 2% rule and making a estimate what the cash flow would be .

How did you calculate the 50% rule?

While the 50% rule is a crude rule of thumb it is a good starting point and keeps new investors from underestimating the true costs of holding rentals.

Therefore if the owner owns the land but someone else has a property on it, I would say the taxes fall on the shoulders of the actual land owner but that's a debate to be had by the home owner and land owner.I've never heard of a situation like this but would guarantee you would need to get a vetted lawyer to draw up a contract saying that the land owner has to abide by some rules when they decide they want to use their land again for whatever purpose.

Both were turnkey, and both met and slightly exceeded the 1% rule.

Locally, our section 8 got audited and it didn't go well, now they have over tightened their rules and regulations.

As a general rule of thumb you can say that the fewer bedrooms you have, the more turn over.