I was always frugal, but I tracked what I was saving out of my cash flows rather than simply my gross earnings. 

When rents are that low cap/ex/maint will take up a much larger % of gross rents so you need to run your numbers different.

1% rent ratio means 12% gross returns.

First question is will they count W2 income from gross or adjusted gross from tax documents?

After running our flipping business as a husband/wife team only for about 11 years, I took over and built a team that took that business into 8 figures with a gross profit margin of about 35%.

Purchase price: $298,800 Cash invested: $15,430 Triplex9 Bed 3 Bath$4,648 Gross Rent

I do everything from day one when it comes to turning their gross outdated foreclosures into practically brand new homes.

Gross income was 67k last year.

$1567 gross  rent on $107,400 (1.4%) is awesome!

Gross business income covers well over 3x rent, but the net take home (and personal tax returns gross) wouldn't cover monthly rent.