That implies monthly income for any single one of at least 3x that, or basically $2800 (originally divided the monthly rent by three since that is the roommate quantity, and then multiply result by 3 for minimum qualifying income per month).

Now multiply that $100 a few thousand times.

Multiply that by 10 when the person thinking about buying this property is a high school kid from out of town.

But the years have passed, the complaints have come steadily, the absolutely heartbreaking stories have multiplied,  the predictions you made years ago have all come true.Jim, I think your documentary is going to end up as a must-watch specialist training video on turnkey real estate investing, something everyone interested in putting money into these kinds of assets is going to be pointed toward as a cautionary warning.

Earn it, keep it, multiply it.

I see buy and hold real estate as way to buy free time and time is a fixed amount in this life and can’t be earned or multiplied no matter who you are .

3x gross rent multiplier in CA is either a steal or a disaster.20 years ago, when I was in Palm Springs fairly regularly, Desert Hot Springs was where retirees lived cheaply.

Much appreciated.I'm beginning to think my sister who is not so savvy keeps mentioning their current mortgage of 2k and saying multiply by 3 for income verification.

This is the other side of things that I don't think you are fully considering ... trying to dance into and out of properties and markets via 1031 to try to time the market cycles is an equally ill-advised strategy, as moving to new markets where you have little experience and boots on the ground is just as likely to net you a loss as it is to multiply your assets to 1031 back into the cyclical market after it crashes (but not as low as last trough).

@Jim K.I would take the 23 and subtract 7 and then multiply by 4 to get the approximate square footage of my yards seasonal rain fall in the post monsoon quadrant...But on a more serious note I would just take out my phone and use the calculator.