The Sampling Method is typically used for properties with nearly identical blueprints such as fast food chains or nursing facilities.EXPERIENCE OR “RULE OF THUMB” APPROACHThis approach is based upon the specialist’s experience in the industry and their ability to estimate the costs.

While technically negotiable, the Sitzer/Burnett case revealed that the industry practice effectively standardized these rates.

That's our cap.The only time we have seen an electric bill higher is when contractors were in there working and using a ton of electricity for industrial heaters for a month.  

I started STR to offset my W2 incomes and found how easy industry was and focused last 2 years on it. 

Doesn't that indicate a pretty healthy retail market?

Here’s, the hard truth I’ve found in 45+ years in the industry; the vast majority of real estate investors, practitioners and business owners do not have a scalable activity.  

@Seth Williams I work in the group home industry.

Is the industry perfect or without fraud.

Make sure your Insurer is industry specific and not just your personal insurance. 

Regarding DTI - mortgage industry will alllow around 40%, but tenants tend to pay a higher percentage of their income to rent/housing than homeowners.