Maybe yes you will, maybe no you won't but it's their money and their rules.

Do your self a favor and make sure you set the rules with the tenants or they will drive you crazy.

The advantage here is obviously you aren't breaking any FHA rules, and you can hopefully recoup most of your down payment or investors down payment back if you run the numbers right.  

That's edging in on the 2% rule and those tend to be in less desirable areas. 2) Would the tenants be paying water/sewer? 

Understand A/B/C class neighborhoods and what we want to invest inCheck safety/crime, schools, things to doCheck if state is landlord friendly or tenant friendlyCheck regulations within each stateCheck if properties fit 1% rule and run analysis on numbersNarrow to 2-3 markets.

I was just posting the numbers with $175k since the seller said they are using the 1% rule to come up with their asking price.

The 50% rule for Cash Flow is more realistic than you might think.

So you can't assume that just because a judge ruled one way for one lease, they would rule to same for another lease.I also believe there are not too many caselaw on this topic.

Should you stick with the general rule of thumb and not select a mortgage that is more than a third of your base salary?

Hello all, I am wondering if the 3x the rent income rule applies to the entire household or each individual tenant.