Since lenders can only lend up to 50% of whatever your gross income is assuming no debt.

Each duplex grosses me approximately 4400 a month.

We’re now at 30% of gross rents. 

It would be an adjustable rate starting at current rates about 7%, with rates hopefully coming down through the next year, if I bought a quadplex in Toledo that i'm currently looking at for $380k, it would be grossing me $4250 a month with a payment back to Chase of about $2200, still in the green after insurance, property taxes and management fees, and the money i'm borrowing against will still be invested HOPEFULLY continuing to grow with the current stock market.Anyone ever bought a property with an SBL?

I’m also a bit skeptical of an all-in purchase/rehab at ~$115K grossing $2400/mo in rents.

California has a $800 minimum franchise tax per LLC per year (and it could be higher depending on gross receipts).LLCs allow for orderly transfer of wealth upon death through an operating agreement.

The voucher would take the place of the income requirement, for example our criteria is 3 times the rent as gross household income.

Budget 5-8% of gross collections as maintenance then tack on the property managers margin to give yourself a better idea of your management cost line.

We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

Considering that DSCR  = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated?