If you are doing conventional, then that opens you up to more possibilities..but you wont hit the 1% rule in those areas.

So understand the rules in your area before you do so you don't get an unhappy surprise."

I have properties that meet the 1% rule and are good cash flow plays.

I understand rules may be different in other states. 

Based on the 200% rule I can buy as many properties I want as long as they don't exceed 200% of the sale of my property.   

Their true intentions come out eventually.Be sure to read through the rules of the forums here.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Rental income average $835 ( 1 and 2 bedrooms mixtures )Property taxes around $22,000 per year ( ouch )Current asking price around 1.2 millionAfter running some quick numbers -> less than 1% rule                                                    -> 5 to 6 cap rate K.marie P.

And guess what...Now they are trying to implement rules to reduce the speculation but just be aware the number of vacant apartments in Dubai is very high so, again, it is very important to know the market very well and choose the right spot where to buy.Where would I buy in Dubai if I found a very good deal?

There are some exceptions to this rule, but that's for another thread.The government takes this pretty seriously, because they consider it abusing a government aide program by misrepresenting your intentions to a lender.

I guess most people answered your question already.As a general rule, know that your lender looks at EVERYTHING.