@Mark Hall - a lender will look at your 60k income divide it by 12 months to arrive at 5000 per month and multiply it by 45% (max Debt to Income Ratio for 5% down) to arrive at a maximum payment of 2250.

As long as you used the gift cards all up and promptly, I would probably staple your gift card receipts (showing you paid $90) to all your receipts of items purchased, and then just put it all in as one general journal entry with the $90 to your capital account (or if it came our of your business out of your biz checking account), and then the items you purchase multiplied by 0.9 either to repairs OR to increase the basis of the improvements which you would then depreciate.

Mine does not so we multiply the bedroom count by 2 to get max occupancy.If you feel you need to offer below market rent at this time, reevaluate and raise rent to or closer to market in a year, but not based on who moves in.

Whatever your challenges are now are only going to be multiplied by making more money.

It is a 1 member LLC, so multiplied by the members it should be $100,000.00 for each claim of at least $100,000.00 At least, I think.

I only use 3 main ratios to decide if I would even consider the property1) Gross Rent Multiplier 2) Cap rate (even with singles)3) Cash on Cash

Then that gets multiplied by the size difference to adjust the comps to match the subject.You have to be VERY careful with anything unusual. 

Account Closed Ok let me give you an example to show how leverage can multiply your returns significantly  If you have properties that cash flow well.

Do you guys think it would be a good idea to dump 100k into 1 property to be free and clear that way you can maximize your CASH FLOW or leverage the 100k and spread it around through multiply properties ?

Basic Frank and Dave rule of valuation is take the lot rent rent, multiply by number of lots, then apply a 30% or 40% expense ration ( 30 % if tenants pay utilities, 40% if park pays for it) .