Calculate the NOI by multiplying the number of occupied spaces by the monthly lot rent (lot rent ONLY, so if there are homes rented, only include the lot rent amount for each of those spaces) and then multiply by 12 months to arrive at the gross annual income. 

1890 build in a college town - walking distance  to campus and downtown. Capex items are listed as new. Renters pay utilities. I just have this "why sell then?" ringing in my ear from ghosts of podcasts past.

Thank...

Another reason I'd like to add to the mix is short-term rentals, which have the potential to gross far more revenue than long-term rentals.

This investor's payment for the loan was $15,000 per month and his 6-unit building was grossing $8500 per month.

Management fees are insane, typically 50-60% of GROSS rents.

ARV is hard to calculate on these units (since finding refinancing can be really difficult), but the gross monthly rents are at 1.3% of the purchase price.

@Vanessa FrancoAs a landlord, I assume you know that rental expenses (maintenance costs, property taxes, insurance, mortgage interest, depreciation, etc) are deducted from gross rental income to come up with net taxable income.

As far as your tenant qualifications I would consider upping the gross income requirements to 3x the monthly rent.  

I believe the gross monthlay rent was around 12000.

We expect to stabilize the building with around a 60-70% gross increase by the time the project is complete.