If the rental you have, is not showing on a tax return just yet (you bought it after your last tax filing) then the calcs. look like this: Gross rents X 75% minus PITIA payment.

Here are the basics, please let me know if you have any additional questions and I’ll do my best to answer: 227k purchase price, 9 units, 4800 gross monthly rents, needs 60-70k in repairs, 350k ARV, the possibility of additional income from an on-site coin-op laundry facility ($250-300)... those are the nuts and bolts.

Gross rental return - 17%

This was primarily done so I could have more control over my own career/earnings, but I retained every aspect of the company (including it's 4 employees) and re-branded with a new name and mission as she was a great appraiser but not much of a businesswoman.I didn't have the liquid assets to buy the business outright, and it was a bit wonky in the math anyway since I was a top producer, my gross earnings couldn't really be factored in to the totals as I would have made that anywhere.

https://www.zillow.com/homedetails/264-N-54th-St-Mesa-AZ-85205/7672487_zpid/Based on rentometer, I’m averaging gross income of 1750 let’s say.

The units currently are grossing $22,000.

Qualification for a Portfolio loan would be based on how cash-flowing the property is, so make sure to have a solid idea of gross rents received, along with the expenses for the property (including taxes and insurance, maintenance, landscaping, any landlord-paid utilities, etc.). 

The duplex currently grosses $3,600 per month.

The units currently are grossing $22,000.

Purchase price $425,000 all cash.I would keep the property as is with the 3 tenants in place, generating $3800 in gross rental income.