Tell him you're sorry for requesting more, but that you need to average the income over the past two years, not take it from one year.

Gary West I have found this online calculator very helpful in answering that question.http://www.timevalue.com/products/tcalc-financial-calculators/accelerated-mortgage-calculator.aspx

As I have learned more about the Seattle market and how hard it is to get CF from long term rentals, I have leaned more towards vacation rentals.My wife and I have used VRBOs personally for many years and it is a great product.

I'd start by looking nationwide at the average rent vs. purchase price.

The numbers I posted above are just averages and if someone has a business from before with a larger sphere to start, family already in the business for generations, or came from politics or other areas then they can grow much faster.

Discuss ' trigger' issues like forever being employed, inflation, rate of returns on CDs versus alternative above average returns in R.E.

It's a great product, and I recommend it to everyone.

I average about $35 per light fixture (some are $15 and others are $80) for materials and about $40 per fixture for installation -- so an average of about $75 per fixture.

I would allow 7.5 to 10% for vacancy and non collectible and with 3 doors average at least $2000 to $3000 annually for maintenance.

I think the average maintenance cost would be around $50 since it is a condo.