A reasonably sufficient amount here is also a safety margin.4) What I can pay for the property initially. 1 - (2+3) = 4Has worked without fail for over 20 years for me

Since the decided case focused on whether the taxing entity had to provide an opportunity for the owner to recover any excess and not if that excess was sufficient compensation for the entity taking the property, I believe the valuation question is still open and is more likely to be in the specifics of the second case. 

Just remember that in 20 years you may not have a job owing to the global economy and 5 free houses will provide you with sufficient income.

Write an amendment to the rental agreement and secure the sign off of all parties involved.I would be inclined to not allow guest parking on the premises, especially if there is sufficient street parking available.

With 3 to 4 units there is a self sufficiency rule; Three (3)- and Four (4)-Unit PropertyThe maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.

Hi David,Provided the offer letter is sufficiently detailed and you are otherwise not particularly high risk, we will in some circumstances fund (not just preapprove, but fund & close) on an offer letter and zero paystubs.

Would 30 days with a letter from his new employer confirming his salary be sufficient?

I don't feel "broom clean" is sufficient.

Then, when executing, make sure you plan for multiple exit strategies to have options and sufficient margins to survive the ups and downs that will inevitably occur no matter where you invest.

That tells me you are not reading good source material, or not reading a sufficient amount of source material.Some gurus and pod-casters are notorious for glossing over the realities of running a rental business.