All our properties currently yield over 6.5% gross return, with a borrowing rate at 6.5% and 20% deposits.

For some context, the current payment is 30-31% of our gross income, we both have 780+ credit scores, no other debt besides this mortgage.

Some might be grossing 7% while 11% is more frequent at other beaches....One can shoot for $30,000/room for oceanfronts with pools for example. 

Also, if your rentals are already in service and the banks are using a blanket 75% of gross rents figure, theyre probably incompetent in their underwriting.

My go/no-go was break even (net 0 cash flow) under the following assumptions: 50% occupied at market rent (based on comparable properties) including 15% of gross rents to maintenance/cap-ex (at 100% occupancy) and utility costs.

A year or two of my life in a home is long enough to warrant slightly lower gross income for the sake of my sanity.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Oh plus this month we will close on a 6 unit, fully renovated, all in 250k, 33k NET and going higher, with gross of 48k, Should I listed to these guys and not buy? 

I think there is really trying to do your best as a syndicator and then gross negligence projecting deals that are riskier than they are but painting a picture of less risk to induce capital to purchase.

Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.