Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

You will be going up against larger operators with bigger budgets and more experience. 

Operating as short term rental by the bedroom, grossing $3500 - 5000/mo, between $500-1000 net.

Originally posted by @Joe Sera:@Christopher Smith when you 721 into the UPREIT you receive Operating Partnership Units (OP Units). 

On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.

We would love to work together with a organization that sells the property and has services like rehab network, financing, property management. 

Partner up with money partners and you be the operator.

These guys operate like flies on the wall.

So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

I operated in Baltimore city for less than a year.