Although it is later aggregated and then multiplied by the business percentage, the IRS could easily multiply line 18 by the business percentage to calculate the amount that would be reported on Form 1099.  

I believe there are quite a few examples of organizations and business people doing this across the country, but I would love for it to be multiplied by a thousand. 

Multiplied by 4 and then 12 for the year gives me 110k/gross with no vacancy. 

Figure out what they're thinking of selling the property for, multiply that by 80% and compare that to what you/they think the property will rent for.

You can also add the first and last ones together and divide by two to get the average and then multiply the average by 19 to get the total.

Gross Rent Multiplier?

AAMOF based on legislation in other jurisdictions the legality of the sort of late fee clauses most have in their leases is highly questionable.In the UK for example  http://www.propertylawuk.net/residentialucta.html the following is cited as an unfair termimpose potentially excessive penalties on tenants for failure to meet the terms of the contract e.g. by charging excessive rates of interest on late payments of rentI like the chances of the tenant that argues that  the late fee should be construed as interest and that the 5% a month many landlords have in their leases is unlawfully usurious (multiply that by 4 if they were only a week late). 

I have yet to see a section 8 tenant that could qualify.There has been case law where tenants prevailed on the rent multiplier requirement by Sec 8 landlords.  

The income multiplier is a good compensating factor and I would give this applicant consideration if employer and previous landlord check out.

And even a high multiplier is no guarantee that the tenant can afford the place.