We use a YTD paystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make sure they’ll always be able to pay the rent on time.

I look forward to corresponding with you in the coming months/years.

I will be finding the property, getting it rent ready, screening tenants, leases, dealing with tenant correspondence, repairs, and coordinating everything needed to be successful.

What are some systems you have in place for payment collection, correspondence, admin, etc? 

That's a huge huge uptick in cash flow.With no corresponding uptick in manufacturing costs.Like of Popsicles sales immediately went 1000% more sales units per day, the Popsicle company would reap the profits.I wonder where these HUGE profits go?

Perhaps, AZ in case you leave CA and sell the corresponding property so you could potentially get rid of the CA filing fee.Or.... 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenants: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

For example, increase the nightly rate based on high demand times that may not correspond with obvious high demand dates like holidays (e.g. festivals or events I’m that area that draw large crowds to that region).Ask specifically what their plan is to rent it out, what kind of occupancy you can expect, what amenities they recommend or require and what you can expect to make in gross proceeds. 

Hello Mandy, I am located in Clearwater as well.

Hey SangamAll great questions, I'll take a stab at a few just for fun, with the numbers below corresponding to your questions above.1.