In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA).

For the front end ratio I use: Gross Monthly Income >= 3 x RentFor the back end ratio I use:  Rent + Monthly Debt Payments <= 45% x Gross Monthly IncomeIn this way, debt is considered in a consistent way in determining if the applicant can afford the rental.

.$50 other expenses (google fiber)gross monthly rent $2300 (1400 up and 900 down)cash flow $274.39 with a CoC return of 9.27%My realtor found it on KSL - it wasn't even listed on the MLS.  

Gross Rent / FUll PITI will get you a DSCR score of hopefully of 1.00 or higher.

Gross monthly from that is 11,250.Also my 1099s add up to 166K (13.8K monthly) for 2023.

is the $7,000 Gross wages or net after tax?

It's a big project (we went the custom route) but I'll operate it as a STR and expect it will gross $4,500/mo or more.While appraisals may not have caught up yet, I think you'll see strong sales prices for properties with ADU's.

What's your monthly gross income?

For the question you actually asked -  Use AirDNA to find the top grossing properties in the market, see who is managing them and call those PM. 

He obviously had no idea, so he made up a number that was actually about 50% greater than what the ENTIRE real estate guru industry grosses annually.