It is advised to do a property walk through at move out to determine which items are normal wear and tear and which items are gross negligence. 

On a 3-4 unit property, the total PITI + PMI mortgage payment for an FHA loan cannot be more than the property’s gross market rent (vacancy included) as determined by the appraiser.

So, while you may gross $150 a month, this will not be your net.

You could also use something like that.  29% max for rental rate, 41% TOTAL debt (rent + car payment, credit card payments, etc).So for example:$5,000 Gross Monthly IncomeMax rental rate they can qualify for - $1,450Max Debt they can have INCLUDING rent - $2,050.

However, while this may not sound fair, the landlord is not responsible for the personal belongings of the tenant, unless (in some instances) gross negligence or malicious intent could be proven.

When it comes to financing, lenders often let you include 75% of the gross income of the property in your debt to income ratio when qualifying.

For example, I bought a quad 3 years ago ( 4 2 bedroom Apts) for 330,000 which grosses 2800 per month.

My issue is rents do not meet the 1% rule, gross monthly income would be around $3,000, and the owner currently pays for trash and water. 

Hello,I would like to get an idea of what percentage of the gross income expenses are in a large multi-family property?

If you closed one rental transaction per week, which would make you a top agent in your office, you would gross $26,000 per year.