It is just poor notation.Sounds like a 4th or 5th grade math homework problem, where the intent is to see whether the student has mastered the rules for calculating the result.Those who have been unable to derive the correct result (288) should go back to 4th or 5th grade math class, or perhaps keep watching "Are You Smarter Than a 5th Grader?"

Real due diligence and final numbers are derived from being in teh field.

.- Guest Feedback Analysis: Derived from guest reviews to pinpoint strengths and areas for improvement.- Amenities Overview: Shares % of most sought after amenities in each market- Design Trends: Trends observed in top-performing properties.- Top Property Links: Direct links to benchmark against leading properties in each marketLooking forward to your thoughts and suggestions! 

Once you start documenting, you can start to derive your own principles from your lessons which you can apply to all areas of your life to help you succeed.

Typically, multi-family properties where the valuation is derived based on income generated from the property. 

There is a tax known as UDFI that applies to the portion of the income that is derived to the IRA from the borrowed capital.  

Is the  income derived from the comm property the income you plan to use for qualifying ? 

So you would have an allocation in excess of 45% for this particular property (but maintenance/cap ex should not be based on a percentage of rent).I am unsure how Mike has derived his maintenance/cap ex estimate, but I am curious.  

Thank you for taking the time to share your success, failure and the derived lessons.  

I can't really see any issues deriving from such an approach.