But it would show up as ordinary income for you.No, you can't just make up some number and pretend you spent money.

Shop your market and try to pretend you are not a landlord, put yourself in the shoes of the shopper (very hard to do) but try.

Not sure what that means, but lets pretend full occupancy at $252 per day.

As a buyer, when you see the word "proforma" you should read "pretend".

Actually pretend to be in the rental market and go look at homes for rent in this area.

While all these are important the most important thing is do you have someone with any authority at your pretender lender/servicers office to do educated decision making?

Juan Mendoza Side note, say this out-loud and pretend it to was said to you: "This work is was done by an awesome experienced contractor...who doesn't know when they do or don't have to pull a permit."

However many people instead burry their heads in the sand and pretend like everything will magically work itself out. 

Don't take it personal... just pretend you are watching me send a note to myself 10 years ago.

It gets a bit murky here, but for easy math let's pretend I bought one of my fourplexes exactly a year ago and it appreciated 10% over the year.