thats basic list one can add.Value add /  New construction / land entitlements/ Timber / Minerals/ Lendingetc etc.. far more ways to actually make money than just buy and wait for rental income to payoff debtl 

Thanks, Bernice One approach is to break it down by looking at similar vacant retail spaces nearby and comparing price per square foot while factoring in potential rental income once occupied.

These are usually lower income areas, and you must understand the quality of tenant you may get.

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.

But in my experience, you would be better off spending that same amount of time/hustle working a second part-time job with guaranteed income, then investing in buy-and-hold properties. 

Some reasons you'd need to sub your tax returns: if you have a schedule C (self employemnt) or a schedule E (rental income). 

I and my husband own a STR company with a few properties along with our W2 income.

Maybe 20% is too rich and it's cheaper but I've never shopped property managers.Estimating an additional 10% for vacancies and 15% repairs.Fixed expenses + PM + 25% for vacancies/repairs = $37,996, or $404 left over.Now I'm torn because I could put estimated proceeds ($200K or so) in a fixed income investment and earn that today without doing anything.BUT, it is nice to have the US address as I go international, and if I wanted to come back I'd have a property.

That seems but CA charges income tax on home sales.