For income verification, I plan to obtain a copy of the employment contract.

Not sure how to properly tell the tenant who's income doesn't support the rent that I do not want to resign the the lease with her. 

I'm trying to get a good enough valuation for the land to earn about 30-35% of the units in exchange for the land equity.

My database suggests roughly 2 X SDE (Seller's Discretionary Earnings). 

Their history of large rental income didn’t add anything to the value because you could buy the identical house across the street and do the same thing. 

If you’ve owned it less than a year you owe regular income tax on it plus any depreciation recapture.

Hey Michael,I use 70% there to estimate how much a bank will loan on that rental properties rental earnings.

I can't show income, but my credit is in the 650s.

There is no such thing as effortless earnings.

(Fannie-Freddie just started allowing projected income from ADUs to be counted toward qualification this year.)Just in general, though, any kind of rent appraisal I see here in Colorado -- be it for short-term rentals/Airbnb or for LTR -- are woefully low.