My advise would be cheap but Nice....Many students look at properties with their parents so get something that the parents don't think is gross.....Hint HInt, Parents that look at properties with their students are usually the ones that pay the rent for them each month...on time that is!

Four 1/1 units and I'm getting gross rents of $1965.

Four 1/1 units and I'm getting gross rents of $1965.

I keep hearing or reading that one of the criteria for renters is that they have income 3x the rent or more.Is this gross income or net income?

(What I mean by the "1% Rule" is: 1% gross rent per month obtainable on its CURRENT value - not what was paid).I wouldn't worry that "the banks don't like me buying another primary residence and buying "down in square footage"", UNLESS they they forbid you to follow that path.

i will be reporting it on my taxes for 2017.debtCalifornia piti $1,950Georgia piti $2,000 (yes, gross profit per month is $1,200 with only 5% down, seller covered all closing & living rent free)car $530student loans $350As an investor I want the minimum amount out of my pocket.

YOu really want 750 and up rents as well you need that much gross income to sustain the unit.. less than that its tough to create enough gross cash flow to properly capitalize the investment.

Originally posted by @Crystal Em:Never tried it myself, but I like the idea of doing tile above a one-piece shower/tub surround in a rental.It gives you the option of going with a higher end/more expensive tile since you're using less than if you tile the whole surround, and it seems to be a "tenant proof" option since it's less likely to get dirty or damaged.Some examples: I'm a huge fan of the single piece tubs because there is no caulk that gets gross and needs to be replaced or grout that discolors.How much do you pay for single piece tubs, what brand, where, etc?

This doesn't appear to be your case though.Appraisers use a gross rent multiplier to determine the income approach in small multifamily properties.

On my side of being a housing provider, we would "gross up" (I don't like that term, but that's what we use) the tax free income to basically simulate what it would be if it were normal taxable income.