Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

I got this e-mail too.

It isn't the most crazy type of fake booking we have had but a simple reply to them via the VRBO platform with a list of nearby amenities wouldn't hurt.Sometimes I am surprised by guests grammar and word usage.

That comment also seemed to imply that you don't report the rental on Schedule E if you have an LLC, but that's not correct, with a single member LLC it still goes on Schedule E."

I googled it and found this:If you rent it to tenants, you would treat it as a rental and report it on a Form Schedule E.

Quote from @Rebecca E.: @Katie MillerI came here because I just had my yearly with my new accountant.

You can however, write off the other unit as a rental on a Schedule E.

(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.

I'll wrap this post by pinging two other Japan-based American investors for their thoughts (until they actually tell me to stop doing this): @Steven E.

E Equity, how much of the home will you own on day one.