Or say a tenant moves out and you have another who wants to move in but has different space requirements and you need to divide the space, or you need to do foundation work to install heavy machines, etc?

For me, this max leverage is 75% LTV with a minimum Debt Coverage Ratio of 2.0 (Gross Rents * .5, divided by P&I).By owing 4x as much property as your invested capital, you get 4x the depreciation for tax purposes, which amps your after-tax ROI.

The profit doesn't get divided until the fat lady sings.

So plenty of things happening in Frisco, but not everyone can afford to live in Frisco and Prosper, so development will go north.New construction rarely works well for investment properties, so skip Princeton....also no demand drivers there to speak of.Another stat to look at is average wages then divide by 3 or 4 to get yearly rent people can pay. 

I'd say its relative to what you're looking to get out of it. example: $5,000/mo in cashflow divided by $400 per unit per month would be 12.5 units or a little over 4 triplexes. 

I had thought about capping the utility cost at a certain amount and then dividing it up amongst the renters, but I also thought it might create issues if one renter tried hard to keep the bill low and the other didnt.

Gross flipping return on investment was calculated by dividing the gross flipping profit by the first sale (purchase) price.

For the 1099 income we would use the net profit (line 31) on Schedule C in your most recent 2 tax returns, add back a few write-offs like depreciation and business mileage, divide by 12 for each year, and then use the most recent one year's average or the average of the 2 years, whichever is lower.

From there if you do all the diligence necessary to find a proper NOI you can simply divide the NOI by YOUR WACC to arrive at a price YOU are willing to pay for the income stream.

If your lender won't accept bi-weekly payments FOR FREE without a "setup charge" or any other garbage fee just...Take the principle and interest portion of your payment and divide it by 12.