Separately you calculate your preferred return in the same way by having a starting accrued preferred return (should be $0 to start in the first quarter), accrued pref for the quarter (multiply the ending capital account balance by the preferred return rate, divided by 4 because this is quarterly), preferred return distributions, and an ending accrued preferred return (a sum of the above three).  

It's likely just taking ADR (average daily rate) and multiplying it by 365 days * Occupancy Rate. 

It's a great way to multiply your/their retirement.

Find the median income for a household then multiply it by 3. 

Rent Multiplier San Diego rent multiplier is 14.1 annual rent. 14.1* 13k * 12 months = $2.2M. $2.2M - $900k - $800k = $500k profitSQFT Margin The neighborhood is about $700/sqft.

More than 4 units use commercial loans and are valued based on the income (not including debt service) and the Gross Rent multiplier. 

Now multiply this over 4 houses. 

Has anyone bought or sold a Midwest car wash recently who could share the EBITDA multiplier that it was valued and/or sold at?   

What would be the best way to set yourself up for success in multiplying your portfolio?

As I understand it, I now have the option of A) Multiplying 146,000 (purchase + capital improvements) by 65.5% for depreciable basis = 95,630 or B) Subtracting $40,000 (appraised land value) from 146,000 for depreciable basis = 106,000.