Multiply the GBA by the cost per SF ($475) and you get construction costs of $17,480,000.

Just use Everbooked or Airdna as a place to start for occupancy rate and multiply it by the # of days you plan to have it available (I usually do 351 days as that is 365-14 days of personal use allowed by IRS).   

Since my initial post, I've spoken with several loan officers and have analyzed multiply scenarios surrounding all my options.

From what I've been told most hotels will give you a revenue and a quick estimate is to multiply by revenue multiplier, 2.5-3.5(My Max).

See if you can get that, divide that by 30 and multiply by the number of days the tenant cheated on you. 

While it is not a perfect measure of whether or not a property will yield a profit, it has been shown to be a good “rule of thumb” for determining approximately how much to charge for rent on any give property and if that rent will be enough to cover the mortgage.The basic idea is to take the total cost of the property and any necessary repairs and multiply it by .01 (1%) and then use that figure to plan how much one will charge a tenant.

The assessment is the value that the tax is applied to, in your case, multiply the mil rate by $9350. 

Multiply rents How did you find this deal and how did you negotiate it?

I am doing a 3 unit rehab in Germantown and, upon completion, looking to cash out/re-finance with an ARV based on a rent multiplier method as opposed to a CMA as there are no good comps in a reasonable distance.

MF is a big beast and principles always look for investors- this will be expedited learning and you’ll earn too.Even if one has lot of money (million+) to invest, better to invest in multiple properties to help with diversification.Value add really helps to multiply money and in case of MF you can have partners manage it for you.. say you can onboard 2-3 partners with less cash contribution but commitment to manage reno and other things..