This depends on how you calculate If you start with AirDNAs revenue data - they include the cleaning expense in the revenue - so you will need so subtract this out as it is an expense.I made a thread on this 2 years ago: https://www.biggerpockets.com/forums/530/topics/1070188-calc...

Feel free to schedule a chat with me through my calendar if you'd like to dive deeper into this topic.

I have been BRRRR-ing properties in Milwaukee for over a decade and my team has always said I should make a video about how we do BRRRR's, but the topic does not really fit my YouTube channel (which is more for a residential audience). 

There are many topics that you should study that are not included in most books.

There have been some negative news articles recently accusing them of preying on people in lower income neighborhoods but by reading them you can find the basic process. 

Gals and Gents,I have read a lot in the past BP articles and listened to many BP podcasts, it's a pleasure becoming part of the crowd.Let me introduce myself, I am active in the NYC market, I buy a lot of class C properties rehab / convert, rent them out, I have done rinse and repeat many many projects and I am seeing nice returns, not always fully recoup my full investment but I am generally finishing all in at around a 9 or 10 cap!

You can learn more about it from this article: https://www.biggerpockets.com/real-estate-investing/house-ha... 

You will also need to look at your articles of incorporation.  

https://www.biggerpockets.com/forums/12/topics/1171104-the-m...

See this recent WSJ article.