Annually I collect $25k-$30k gross for rental income total for both properties (sometimes rent a room out in my other house).

It generates an income of $500 per unit per month, total gross of 2000 per month.

For example:On one 48 unit apartment I have the monthly gross income is $35,000.

This is considered earned income (just as if you were an employee or a business owner buying and reselling any other product) and you will be taxed at your marginal tax rate.

If you are factoring properties into your comps that weren't sold for FMV then you comps will be skewed in a way that isn't giving that area a fair picture of what you or your rehabber can sell a house for IF it is properly marketed and advertised.Now when you're dealing with rental property comps are one component but many times other factors are more important to a rental property investor (i.e. possible cash flow & ROI, gross rent multipliers, or other "magic" numbers).

It may not be the market for everyone but my $20,000 investment grosses $7500 a year in rental income.

Also the chain-link is gross.

We had revenue of $4.2 billion in our fiscal year ended July 31, 2013, with approximately 8,000 employees in major offices in the United States, Canada, India, the United Kingdom and other locations at that time...

There is a lot more to his labor burden then just what he pays his employees / hour.If you just using his numbers to analyze the property and you think he is high; use it as starting point or find smaller outfit to estimate the job.

I have to do a bathroom this upcoming week and the grout is pretty gross.