Although I agree with you on the number of deals, the banks do not and since they have the money they set the rules.

HAs can and do change the rules after you have already purchased.If the HA has been badly managed and a major repair is needed, there might possibly be a very large assessment againt each unit.

As a general rule (when eating), the closer to the earth, the better for you.

Well if you use the rule of 72 that means for the numbers to compound 100% would take 26 years.

The LLC should be used for rental property and if the property is held for the primary purpose of renting, then it would be rental activity income and subject to depreciation rules and capital gain upon sale whether it is short or long term.First we need to know who the owners of each entity are and I will guess that you are the owner of both entities.With that being said, the S-corp will make a property distribution to you and then you will make a contribution of the property to the LLC.The entry will be a credit for the asset, debit for the mortgage associated with the asset and a debit to the capital account to show the distribution.

I understand your 50% rule of thumb completely, I just do not think it is accurate for all investments and I make a personal choice to use other calculations.

FHA rules impose limits on some of the fees that lenders may charge in making a mortgage.

I'm sure you guys know about the 90/10 rule.

Please get involved in the community discussion and once you reach 10 posts, you will be able to post deals in the dealmaking forum or classifieds areas.For more help, please review the forum rules.]http://www.biggerpockets.com/forumrules.html

And they will be tougher to come by when the new rules go into effect Aug 1, though that should impact lenders backed by Freddie not Fannie if I understand it correctly.