Ignoring the Rules of Thumb

[Kevin Izquierdo]

I havent dove too deep into the 50% and the 2% rules of thumbs. Im going to make a purchase on a MF owner occupied investment property in the near future and since it'll be my first purchase, I plan to scrutinize every detail. My question: can I get by without using these down and dirty rules?

[Steve Vaughan]

If I waited until a property fit the 2% income per month rule, I'd still be looking.  That one is very area specific and isn't reality for most.  I don't go below 1% per month, though.  House hacking can be an awesome strategy!  Best wishes @Kevin Izquierdo!