To me that’s just one more thing to get gross and guests will spill food on it.

Gross income is $15,000, expenses $5,000, and net income $10,000.

So 1% rule apply to the yearly amount of rent (gross rent) for the sales price? 

If you tern over the Vrbo to a PM they take on average 30% of your gross profits.

Here is where things get a bit uncertain, the automated system used to qualify these loans will treat each borrower differently but over the last 2 years, I have closed about 100 of these loans and run hundreds more through the system, what we have found is that most people are declined above 39% housing DTI with the highest approval 44.6% of gross income.  

My rental portfolio yields about $13k/mo, I have one tiny mortgage left (I owe $18k on a $350,000 triplex that grosses $3150/mo -- my payment is $750/mo; will be gone before second child goes to college.)

Looking for advice/options to finance a short-term rental property.Here's the deal:Property: Purchase price $400k, 2yr rental history gross $70k/yr, looking to do improvements $10-15k once purchased.

Is this a NNN, NN, or a gross lease?

That was a gross clean up!) 

At $40k gross that equates to $303,200.