My question is, would the 70% rule still come into play here since I am planning on living in the home for at least the next two to three years?

If one of my tenants asked for this, I would take the following steps:-Require they deposit money into an escrow account and sign something stating that granite counters are part of the apartment and tenant has no right to them when they leave-Require that you, the Landlord, handles the transaction and require that both you and the tenant agree on style of granite, including edge shapes, backsplash etc.

Combined LTV of all properties I own...not sure of the rules.

Forsythe St.Greensburg, IN Style: BungalowRents For: $550/mo Tenant pays utilitiesOccupied: YesPrice: $30kHOUSE 2:2 Bedrooms1 Bathrooms840 Sq.

The usual rule of thumb is that if your purchase plus rehab costs are 70% of your eventually selling price (aka ARV or after repaired value), then you can expect a profit of 15% of ARV.

Some tips on evaluating deals: The 50% Rule: How to Quickly Analyze a Multifamily Investment Property

This is from memory, and current rules have probably changed.

There are some communities in which Lonnie Deals will be very unwelcome and others where they will value you as a partner.The basic rule of thumb?

How in the world does the 50% rule come out on a home that is 50k and 550 rent?

Louise Whidby you're aware of the 70% rule of thumb, right?