@Matthew OdouCorrect, it’s on gross rents.

@Ayana Morali According to your numbers you have a gross spread of $140k less $25 k in Reno/carry over losses...so a net gain of $115k Ish, plus depreciation recapture.  

Here is a link to the lawsuit article:https://bostonagentmagazine.com/2020/05/29/lawsuit-challenges-statewide-eviction-foreclosure-moratorium/ Thank God.The blanket moratorium without care and detail leaves landlords holding the bag and provides no checks and balances for tenants to abuse and lie about their situations.I think that the total lack of care, accountability and specifics when creating the eviction moratorium is gross negligence regardless of the state of the emergency.

Example - need to flip X amount of houses to gross X dollars to net X dollars.

comparable rents75% of gross potential cap rate (this covers costs, vacancies, expenses etc. up until you start using a PM company)Go on Hotpads, Zillow, etc. and look for the prices on units near sqft and the same bed/bath numbers and compare the rent prices.To figure the cap rate of what I would buy in a quad it would be something like this:4 units with rent income of $600 = $2,400 X .75 = $1,680 a month$1,680 x 12 = $20,160 (max potential income per year) / $150,000 (purchase prices) = 13.44% gross potential cap rate (it’s 10% or more cap rate, so it’s a worth a much better look) It should be noted that many investors will purchase all the way down to a 7% cap rate (and they’ll likely tell you I’m not using a true cap rate when I guesstimate the expenses/costs at 25%) if you have good records on your rent rolls, insurance, taxes, property management, maintenance, and all other costs.

With a flip, you only report the profit once it is sold, gross minus expenses.  

If his gross wages were $45k his California tax liability is under $1.3k.

It's a class C property in the midwest. 2019 gross rents were $36,255 with profit being $23,302.

The assumption behind looking for a tenant's monthly income to be 3x monthly rent is that the tenant's non-rent expenses would be less than 66.7% (or 2/3) of gross income.

Was pretty gross...Pop or something all over in one bedroom.