I was just asked a question via PM that I thought I should post here on this thread as it is very applicable to the topic.The question was, if the renovation costs should be estimated by taking $15 per square foot and multiplying by the number of square feet of the property.Here is my answer:"You are doing it wrong as you were advised incorrectly.

Chris Prefontaine secretly records calls of home sellers without them knowing in multiply States and PRETENDS to be a home buyer from PrePropertySolutions on behalf of his students, who have a completely separate LLC's, so that Chris Prefontaine has zero liability! 

If your estimated occupancy rate is 60% (for example), that is 219 days of the 365 available days (assuming all 365 days are available to rent), then multiply THAT by ADR.If your ADR is $200, for example, then the estimated gross rental income (GRI) would be $43,800 ($200 x 219).Here's a site that explains:  https://www.keydatadashboard.c...

Now, multiply this by 100... 100 of us have found 100 deals, made 100 improvements, and raised 100 property values. 

I did have approx. 20 properties and felt very confident with multiplying money when I cashed out my 401K. 

One of the turnkey providers I work with is offering 1% a month gross rent multiplier with a tenant and under management.  

What kind of multiplier can I use against the standard rent if we rent full-furnished? 

You're looking at $400-$850 k for that multifamily in the south end, or $700-$1,200k for one in the north end, so you can do that math by multiplying that by 3.5% plus some extra for closing costs. 

So multiply the ARV (After Repaired Value) times 75%. 

How is this multiplied to maximum effect?