Gross rent multiplier =22% Lessons learned?

My original goal was to create $15,000 in gross rental income in 3-5 years.Now it's more simple.

How much gross leasable area, how many offices, current vacancy rate, age of building, any proximity to hospital or surgical center, what type of loan product for first lien, variable rate/fixed rate, the terms etc ie SOFR + what spread etc, current NOI, cost per square foot, replacement cost per sq ft, and any and all details you can share, I assume HENRY Capital compensation will be similar to your Fund 1, with 8% preferred and 80/20 split? 

First variant factor for valuation is conversion factor of gross to net revenues, both in current realized and potential.

Rent is $1,000 per unit, per month, properties appreciate 5% annually. 10 years go by: Plan Ramsey, you got $120k in gross rents but as it's all taxable you were left with just $80k of that and $162,889.00 in equity.   

Your purchase price was 15.6x the annual gross income, so this property sold at a 15.6 gross rent multiplier (GRM).If you do the renovation and add the ADU, the property will generate $13,400/month ($2200 + $2200 + $5000 + $4000).

Most Property management companies won't make much from the property if you are occupying it because they won't make a management fee on the gross rent.

I gross $110k a year with my current position and I have a lot of free time on my hands during the day.

We're doing the finishes our selves to keep costs low and we'll operate it as a short-term or mid-term rental to boost gross rents.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.