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Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

Rarely do you see someone with perfect credit all of a sudden have a short-term hiccup (usually due to illness or something like that).

In my lease, rent is due on the 1st and late on the 6th (and I file eviction on the 10th). 

I'm interested to hear about this due to rate hikes and optimism in the real estate world coming in the year ahead! 

I start the eviction process 11 days after rent is due.

Tenants in arrears due to “loss of income related to COVID-19” have a six-month grace period—without late fees!

Of course if you are required to pay off the 2% mortgage then your cash on cash ROI goes way down, but with a 30% equity cushion you’re still way ahead.I really dislike contractor for deed, lease option, or not recording warranty deed as “solutions” for the due on sale clause.  

It may be due to the lengthy pool permitting and construction process. 2025 will be a critical year.

Imagine a $185K income earner ($100K after tax) having a $600K mortgage.