So, for a $2,500 rent with a 3x income rule, you’d expect their combined gross income to be $7,500/month.As for utilities being included in the rent, some landlords in NYC do lower the income requirement slightly (e.g., to 2.5x or 2.75x) since tenants won’t have additional out-of-pocket utility costs.

I agree with Patricia, but there are always exceptions to every rule.

I discuss every house rule. 

@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.

What are the rules for removing this person, as I understand it he falls under hotel rules, not the landlord tenant act.

HOWEVER, you can still find deals that hit the 1% rule and positive cash flow.

Just avoid self-dealing and follow IRS rules.

Asking in the correct forum will get a better response.Read the RULES!

Hi Max, a good rule of thumb is to start with your target market/ideal guest.

Congrats on investing in Ohio, it's a great market to be in, you can still find the 1% rule and tons of amazing appreciation here!