If you think its expensive to have a wife, multiply that by 10 and thats what it costs to be free of one (i.e. divorce costs). :-)Humor aside.

Figure if you increase the rent by $50 to $100, then multiply that by 12. 

Some have capacities but weed out 30/60/90 clients and accept 15-30 instead, longer term means we need more margin, the more turn overs we can multiply the more income we get, we all have the same goal, the more we could rinse and repeat, the more we earn, it doesn't really matter what role you will be playing (lender, flipper, contractor), the pattern is the same. 

For example, if you got a HELOC at 75% LTV they calculate it by multiplying your 275k by 75% to get about 206k, then they subtract your remaining principle of 161, which would get you a HELOC value of about 45k.Good luck!!

People are still buying, but now at GRM (gross rent multiplier) of 11-12 commonly.

@Sam Gill You will need your accountant to agree with the applicability of the exception in your case but if you meet the criteria and have lived in it for less than two years you would take the $250k (500K if married) and divide that by 24 and then multiply by the number of months you lived in it.  

Thus he can best redeploy his investment capital on a house or houses that have a better rental multiplier relative to the homes ARV while having the same appreciation potential. 

A lot of people use GRM (Gross rent multipliers) to make quick offers when they are under the clock.  

Multiply by 11 to assume one month of vacancy per year, which is conservative.$3000 in kitchen work, and an afternoon of your elbow grease that would otherwise have been spent doing non-income-generating activities, to turn a neglected kitchen into an amazing gorgeous kitchen, to bump rent by $50/month? 

Now we just use actual days and life has been much easier.For full months, which comprise the majority the duration for most loans, we divide the interest rate by 12 and multiply by the principal balance for that month.