Fair Rental Value

I have heard that fair rental value is 1% of the purchase price, or of fair market value. However, I have been looking on craigslist and found that the rates on there were substantially higher for similar houses. Hundreds of dollars of difference. This is a very important figure in estimating whether something will be a good investment.

I do have someone who may be willing to cosign if I can show him that the numbers work.

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