This is more of a commercial real estate rule of thumb and I think it is less applicable to small multifamily 2-4 unit properties for several reasons.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

While if there is few to no section 1245 assets, then the risk of overestimates with this application would increase.

The purchase price is $275,000 and contains 1 commercial space on the first floor (convenience store) and five apartment units on the second floor. 

One is for the main house, one is for the ADU, and the last is for me to store my boat.  

In Milwaukee, the local lumber store is called Bliffert. 

LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process.

.- McGowin Park developed a huge retail space in 2015 which consists of: 199,500- square-foot retail shopping center containing a future expansion area, five restaurant "pads" and 4.5 acres of outparcel development, and the west development consists of a 148,000-square-foot anchor store with an associated gas station, an 89,600-square-foot shopping center and 7.41 acres of outparcel area.

Can take up to 3 months to go from application to lease.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).