It is a rent by the room home that grosses $4300 monthly.

Since its a legit business, this will simply be a labor expense and expenses reduce your AGI(adjusted gross income) which lowers your tax liability.

So if they sign a 10-year lease, you're paid your % on the entire gross amount.  ($4,000/month x 12 months x 10 years =$480,000 gross)   Others may differ, especially regarding SC, but that's been my experience so far. 

Also, what is the monthly gross rental income that this property achieves? 

I would have no problem charging someone $500,000 or 1% of gross revenue ongoing.  

My unit grosses $115K in rent (clean of any other fees or cleaning fees).

So, pay back half of a 50K loan and your tax liability is on 25K plus the 2.5K penalty.Your gross income for the year will be affected by the withdrawal, so be prepared for a higher bracket.Not an accountant, not a lawyer.

Property manager said it would gross around 5k on average but after paying their fee and cleaners and my utilities its the same as LTR.

FSU's retention rate has increased by 14.4% in 2 years - incredible work - and now sits at a much more attractive 77.7% retention rate - up from 63.3 in 2020.No update on Crime until I can get a 2023 released report from local PD, until then- it is Fayetteville.The median home value is around $134,800, median gross rent is $960 median sale price is around $222,500.

I have a listing priced at $2450 (4 BR, 2.5 bath).
I am currently focusing on 1 applicant who makes ~100K in her current job for 25 years, excellent rental references for past 9 years but my rent is $800 more than he...