Hi all,Before I ask my question I would like to provide a brief overview of my current situation:I am a full time salaried (W2) employee of an Investment Bank, but also DJ parties on the weekends through a fully insured company (I also do gigs on the side with my own equipment not through the company).

The suit stemmed from a report from a former LCC employee, that was posted anonymously on ml-implode.com for about a day in mid-April, 2007.

You must trade equal or up in value based on your net sales price (gross sales price less routine closing costs) and not equity and you must reinvest 100% of your net equity (cash position).

.$13/hr or so.So our method of thinking is : $13/hr * 40 Hr week * 52Wks / $2253mo Gross income.

Monthly Payment: $1064.98Monthly Gross Scheduled Rent: $2400Est. 50% Expenses: $1200Est. 50% NOI: $1200Cash Flow: $135So, $135/mo isn't sufficient on a fourplex, but I tried to choose pessimistic numbers.

Are you saying a company cant make any money and pay taxes with $35 (a billable hour) employees running around?

The way underwriters look at Stated Income is it should be used for someone that is self employed, not someone that is a salaried employee.

Throughout the United States, operating expenses run 45% to 50% of the gross rent.

It was the weirdest thing I have ever experienced… They rush our office with 3 State employees, make my office call me (I was not at the office at the time), I drive back to the office from an hour away, cancel the meeting I was getting ready to go into, while they all wait at my office for me… My staff basically left the building and fled for their lives as they were all wondering what the heck was going on.

short version: (total monthly rent) - (% of average vacancy and collection losses) = effective gross monthly income effective gross monthly - monthly operating expenses(these usually include property taxes, insurance, maintenance, management, and so forth.