Assuming CoGs and G&A are zero...Revenue (rents) - operating expenses (Advertising + Auto & Travel + Cleaning and maintenance + Insurance + Legal + Repairs + Supplies + Taxes + Utilities + Mortgage interest + depreciation = Gross Margin (also your EBITD) ** Include interest and depreciation here?

You will need to learn about the local laws, advertise, background check applicants, meet them for showings, answer questions, get a good lease, answer the phone at any time, arrange for repairs, do inspections, manage finances, manage an LLC, and more.

Then you simply deny them.What it does, unfortunately, is induce people who aren't qualified to apply because you can't exclude them in the advertising or on a blind inquiry.

Advertise and rerent.

We regularly deny lenders from signing up to advertise with us and cancel them if they do not abide by our code of conduct. 

They are building new fourplex units and advertising compelling cap rates in their pro formas.

There are multiple billboards spread across the surrounding counties and advertisements everywhere.

Many wholesalers are actually selling the property, as far as can be determined from how they promote and advertise what they are doing.

@Andrew Tran, a deal isn't what's advertised its what YOU make out of it. 1.

Choosing Between 506b or 506c: Both have their pros and cons. 506(b) allows you to raise money from accredited and up to 35 non-accredited investors, but you can't publicly advertise. 506(c) allows for public advertising but only accredited investors can participate.