3-year PPPs are usually reasonably priced while also shaving off those extra 2 years...if you drop below 3, rate/cost can get a little gross.

He said that NJ is a gross income state and the gross income is comprised of baskets..losses in one basket of income do not offset gains in another..It may be quite different in other states....

I fully renovated the upper unit with well-above-average finishes, and it's been averaging ~$2,850/month in gross rental income over the past 12 months as an STR on Airbnb. 

I could use gross income or have the property assessed for assets and it would come out to at least $1M.

Real estate is too much work to not be getting absolutely killer deals (and there's not that many available right now).rental vs adu , rental always wins because gross PPSF-appraisal/rent of ADU is less than PPSF-for-rent for regular rent.and with the available of homes already has converted room (and ADU) makes building adu is a moot point.i would just even buy SF with 6-7 rooms 

In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA).

It is really targeted at gross overuse.

I can build a 1,000 sq ft cabin including land  and holding costs for about 350k or so and the cabin will appraise out for about 500k to 525k and will produce gross rents in year 2 between 50k to 60k.

Remodeled all the units and brought gross income from $30k to $43,500.

If none of those scenarios apply and the building is in fact grossing ~$10,750/m reach out because the building is not in a $115K door neighborhood in which case I would be interested and can find a way to involve you and make sure you're compensated :)