:D Never seen the calculated profit just subtracting the HOA from the gross rental income.. but to each their own I guess..

That is, start with assuming 50% of gross rents go toward all expenses, then subtract the P&I part of the payment from the remaining 50% to estimate cash flow.  

Essentially, whether it's 2 units, 3 units, or 4 units, there was 1 point subtracted from that lender credit, leaving 2.662 for other deductions. 

If the friend qualifies, then move to the next step.We use a form in our office called an addition / subtraction of roommate addendum.

That would give me a Net Operating Income (NOI) by subtracting expenses and vacancy from GSI.

For a commercial property only one year of  operating expenses are subtracted.  

When looking at the 50% rule (which I know is only an estimate) would I do $2725 X 12 = $32,700 gross then subtract half for expenses which would bring me down to $16350.

Starting with the Potential Gross Income, the current broker has made a simple addition/subtraction error.

You will subtract the Rehab estimate from the 70% number.  

Account Closed - the 50% rule is supposed to work as follows:Take your monthly income, then subtract 50% for all utilities (PM, CapEx, Maintenance, insurance, vacancies)Your initial estimate includes vacancy.For your calculation, add in 10% maintenance, 10% CapEx.