. $133 round trip.  

Which is close to round enough, in turn, that it makes me think the lender just documented $10m/yr and stopped documenting additional income at that point because it would serve no purpose. 

, using your GSI of $50,400/annual ($4,200 X 12) and I used a round 40% for Operating Expenses (includes 10% for Vacancy)..DOES NOT include debt services.

I'd probably offer a nice round number, probably $50.

I would ask this question in a thread which deals with seasonal markets, since you may get some creative responses.My market is technically seasonal (I do have 90%+ occupancy year round) and we evaluate properties with a 50% vacancy outside of the town I live in.

We've distributed our initial round of PPMs, mostly to our network of friends & professional acquaintances, and I'd like to expand this effort and find others who'd be interested

We just sent our second round of apartment letters and got 5% response so I am curious about doing storage.

@Andrew McManamonusing your numbers, which I assume come from the amortization table...5.5% for 30 years = $5.68 per $1,000$5.68 (x) = $1000x = $1000/$5.68 = 176.1 (rounding)176.1 * $1000 = $176,100$176,100or4.5% for 20 years = $6.40 per $1,000$6.40 (x) = $1000x = $1000/$6.40 = 156.3 (rounding)156.3 * $1000 = $156,300$156,300Therefore, the largest loan the buyer can afford is 5.5% at 30 years or $176,100

For the sake of round numbers most primary residence mortgage can be had for 4%  and business/income property/etc. mortgages are at 5% (I'm hearing 5.25% in some cases these days but let's round down).  

Lastly, in NJ (unlike NYC) you have a realtor because you are looking for a house, so any lease will likely only last a year, IMO.I had a realtor send me a great professional couple this last go round.