California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Quote from @Carlos Lopes: Gross income doesn't matter.This is the number most people post, and it's 92.7% useless.What you need is NET income, meaning the money left over after all expenses, and that should include a dollar amount for your personal time spent operating the business. 

Cap rate, per door price, gross rent multiplier.

If this is done, then 75% of the gross rent for your current primary can be used to offset the mortgage debt of that property to 0.

I am  grossing $93K/year  with an average Cash on Cash of 16.6%.

Asking Price 6,795,000 Gross Rent 611,436 Operating Expenses 233,142 Additional Income 35,800 Net Income 414,094Questions- How do I find a multifamily lender who can help me fund this purchase?

Even at retail, if you're paying 500k, they're generating 50k to 60k a year in gross rents by year 2.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

According to AirDNA, the analytics broken down are a 60% occupancy with a gross revenue of $32,000.00 in my 1st year.

Here I have contact info, lease info, AC filter, trash day etc plus all the income and expenses.Then I have a Master tab that has all properties, so I have the big picture of gross rents received.