The problem with averages is that a large number of high or low value properties can skew the figures either way.

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

Also, content or manufacturing industry doesn't punishment seller for using multi platforms.

Other commercial and industrial is fine.  

For 1099 income, we will look at a 2 average of income using your NET NET income (bottom line income). 

It’s awesome that you want to use your downtime to learn more about the industry and make some extra income as a VA.

For sure AI follow up, re-engagement, and appointment setting is a huge trend coming into the real estate industry across the board. 

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule?

When I see deals that do pencil for an investor, the LTV is 60% or less (I deal with mostly retail and industrial).