Although rents increased by 2% annually, the purchasing power of this income is equivalent to $4,325 in today's dollars.Year 10: $5,000 x (1 + 2%)^10 / (1 + 5%)^10 ≈ $3,742Year 15: $5,000 x (1 + 2%)^15 / (1 + 5%)^15 ≈ $3,237Year 20: $5,000 x (1 + 2%)^20 / (1 + 5%)^20 ≈ $2,800Due to rent increases failing to keep pace with inflation, you won't be able to maintain your standard of living.

I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.

What I did to combat this was make the review standard clear to guests in all your messages to them.

A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

My debt-to-income levels, by conventional banking standards, are good but not great.

Also, if you've rehabbed this to SALE standards, you may only want to rent to Class A tenants that will take good care of the property.

@Chris Blackburn Hey Chris, that's pretty standard from what I've seen in my experience, especially if the seller is an institutional client.

I agree with many that have responded that one year financials and a revenue number from a schedule E would be standard.

$250 an hour can be pretty standard for consulting.

She rented them out, occasionally sold for the appreciation, and bought more ... and more, and more.Successful and happy by any standard, real estate enabled Abu to buy her own home and homes for all six kids.