I'd multiply that by 24 (2 years) and use that as my budget.  

Just getting started.I do have partners, it's just that rentals seem to be the way to go, as opposed to "flips" for the long term residual income...and we do not want to tie up so much of our cash on DP's.I would like to multiply the props...have someone manage them...and so on...We do not need the income, so we can continually re-invest.We are looking to build something, not cash out.Thanks, again for your feedback

So take your house value and multiply it by .8 (essentially 80%). 

What was she thinking.Anyways, I would add up what they took and multiply it x10 and charge them for it.

Multiply Days occupied by Nightly rate, and subtract expenses, and that should give you your cash flow. 

Every dollar I save in free cash flow now is hopefully multiplied 100 fold when I reach my goals later on. 

Once you have the rehab estimate, take the ARV multiply by 70%, subtract your rehab estimate, and you will have roughly what an investor would buy it from you for.

Then I'd multiply that rate by 1.5x and divide by the number of rooms to get an estimate for each room's rate.

For those who MTR, what revenue multiplier makes sense to you for the additional work and cost of an MTR over an LTR?

Remember that number...you'll use it later.4 - Now assign each R/R to the partners, and total up the numbers for each partner.5 - Multiply each number for each partner in Step #4, by the number calculated in Step #3 (I told you you'd use it later.