We take the T12 roll it forward, we strip out anomalies and one-time expenses and then layer in base assumptions and any known large expenses that are planned for the next 12 months.

Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.

If you use different sources it will be difficult to calibrate the different scores, but think of it as a percentage of the max available score.This particular score seems to be based on an applicant's credit history, including payment history, credit utilization, and credit availability. 

An appraiser likely won't be able to value a 1-4 unit property based off STR rents (whether projected or actually incurred), and if they are, the lender won't lend off said valuation for their applicable value (value they're lending off of). 

I read some articles stating that it appraise 100times of rent sometimes appraiser appraised it based on income generated by that unit. is that true statement?

Our LTR lease is nearly 18 pages long, not including the additional riders for mold, radon, lead based paint, etc. 

Hi BiggerPockets community,We are a married couple based in the California Bay Area, both working as software engineers with a combined income of close to a Million USD.

I'm also based in NJ and love to discuss all things NJ RE. 

The vacancies, rougher tenant base, unstable incomes, higher crime and more blight areas.

I have one of my major partners based in the Smokies and we love seeing this!