And we call them golden rules.

@Isaac El without real numbers you can only use rule of thumb. 1% rule. $8000/.01=$800000 max purchase price,

You're just at the 1% rule, so there's no margin for the additional expense.

Turn over and make readys slow to a crawl,However, there are a lot of caveats to comply with when you say "no kids" not sure what they all are so if anyone knows those rules, it would help this thread out a lot 

Usually, these properties crush the 1% rule.

I also cannot use the 70% rule or I wouldn’t have purchase one flip yet.

I'd buy it.2%: It's a bit under at (1.48%) so maybe you're paying a bit more for the property / current rents don't justify the asking price.50% Rule: 259/unit profit is pretty good.What's your hesitation?

There are no blanket rules for tax liens - they are all dependent on the statutes of the state/county/city.

There are move-in ready properties around the Cleveland area that easily meet the 1% rule.

The cash flow using the 50% rule is negative but I am $0 out of pocket on this deal after the refinance.