Break it down.If you have 100k rent say for 10 years primary lease term that is 1 million to keep simple at 4% that is 40,000 but if other leasing broker that is 20,000 and BEFORE that leasing broker splits with their brokerage.

cloa...Note should include a provision similar to the following:FOR VALUE RECEIVED, I, [Borrower name] (hereinafter known as “Borrower”), promise to pay to the order of [Trustee/trust, payment address] (hereinafter known as “Lender”) the sum of Fifty-Two Thousand and 00/100 Dollars ($52,000.00), with interest from the date hereof until paid at the rate of Six percent (6%) per annum on the unpaid balance, payable as follows: Commencing on April 1, 2024, and continuing on the 1st day of each and every month thereafter principal and interest payments of $577.31, with the entire remaining unpaid balance of principal and interest, if not sooner paid, being due and payable in full on or before March 1, 2034 (the "maturity date").Record a first priority security instrument (mortgage or deed of trust).

How does this break out in terms of profit vs revenue?

Please see the attached break down that was sent to me from the Bank lender.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Looking for guidance from this amazing group:Opportunity to purchase a condo for a STR that will not quite break even from a cash flow metric (obviously depending on financing option), but I'm good with that.

This cash flow is net of all property expenses, including loan, if any.

This includes properties with a single-family residence built prior to this date and a second dwelling unit (e.g., main dwelling, ADU, or JADU).

I assume there’s policies out there, but I bet a requirement is every single worker and sub will be required to be fully insured on top of licensed, including workers comp.

That GRI does include income for cleaning, taxes etc. though normally, which is really pass through expenses for the most part.