My numbers between land and build cost leaves 100k in gross profit (not counting hold costs of course).

So they will loan you 30% of your gross income for a property.

At 299,000 you are getting with your about statement we will say 580 a unit.580 X 4 = 2,320 a month X 12 = 27,840 potential yearly gross income.27,840 times .50 costs if no landlord paid utility = 13,920 NOIIf landlord pays utility like water etc. then go .60 costs=11,136 NOIOne way at a 10 CAP you have 139,200 sales price and the other way with landlord paid utility you have 111,360 sales price.

If I use a LP, I'll have an S-Corp or LLC as the general partner so I get the liability insulation (this LLC's income will only be the flow-through NET from the property's LP so it is less likely to trigger the high LLC gross receipts tax that is easily triggered at the property level).

We then raised more private money (which became easier and easier) and began to hire more employees - first a secretary, then an accountant, then an IT guy, assistants for the partners, asset managers to work more loans, then their assistants, marketing, etc.

If it were me, I would speak to management and ask them if their business is put on hold every time an employee goes on vacation.

For my quick look, I tend to use Gross Rent Multiplier.

Given no PM, a quick rule of thumb is:(Gross rents X .4) - utilities - PI = CashflowOnce you plug the numbers in, do you still get $1000/month?

So a 190K ARV property purchased at 126K with 20K in repairs left a 45K spread (gross).

my market of northeastern pa near scranton is a great low buy in high cashflow market.20k/unit done prices pay 600/mo gross rentssolid blue collar ares