To me that sounds like a big if and I could see some investors getting caught up on this number as fact instead of fiction.

We have a lot of units and its definitely not a science.

We just had a young lady claiming to be able to generate 350K in sales per month with targeted Facebook ads, no overhead, no US mailing address, no ability or desire to verify her claims, all with a degree in political science from the University of Michigan (supposedly), a Wix website, and an Instagram account full of duck-face selfies and inspirational sayings.

Alternatively, something cosmic could happen, and Phoenix could become the place to be in the next few years:https://www.express.co.uk/news/science/1010638/cold-weather-forecast-big-freeze-solar-minimum-maximum-space-news

fiction and entertaining ….

In hindsight, one of the dumbest decisions I made in my life was giving up on a double major in computer science so I can "focus" on being a musician.

I am computer science major.

This is not rocket science.

ADR and Occupancy rates are more of an art than a science, but using sites like AirDNA are great places to start and then verify thru local property management or just good old fashioned research on Airbnb and VRBO for active rentals in the area.  

Get a REAL proof-of-funds - not a worthless piece of fiction that you can print off from a hard money lender's website.Don't expect your agent to do anything but the most cursory financial analysis.