Multiply that times 24 properties, and the umbrella policy is cheaper - so we have more of our properties in our own name, and just count on the liability insurance to give us the protection we don't get by having the LLCs.Hope it helps!

The "easiest" way to answer this perhaps to take a look at the new construction project for the zip code that you interested in and multiply by .85, but Dustin's answer above is quite accurate.

@Frank RolfeHello Frank, could you walk me through how you came up with those numbers. multiplying your yearly gross income by 50% (above example 200 x 5 x 12 x 50% = $6,000) is that including debt service and expenses?

Supposing I get the average rent per room this way, I could either just multiply by 4 to estimate rent for the 4/2 condo, or I could subtract some on the assumption that the average student bedroom rents for more than each of mine will.

I have achieved infinite returns on all of my projects so far (cashed out all my initial down payments and still cash flowing the properties) and have been able to multiply my net worth several times in the period.   3 years ago I invested in my first syndication deal as an LP.  

So if your rental should get $1,200 per month after rehab. just multiply that by 12 to get $14,400 annually, then divide the $14,400 into the all-in cost (total purch. costs + rehab expense + holding costs + construction insurance + cost of debt).  3) Take a harder look at the ugliest properties. 

And, instead of having just one property giving me cash flow, I can then multiply that by the number of properties I have.  

In terms of reserves, having 6 months of cash reserves (calculated by multiplying the mortgage rate X 6) is a good place to start.

Hotels are usually valued by a gross revenue multiplier. 

Your taxes would go up since you might be paying about 16 mils more in taxes since it is nonexempt, but the value the mils are multiplied against should not change.