5% of Gross Income.

Hi. just asking hypothetically (in case the seeking of partners is not allowed on BP), but if a co-signer on a mortgage got cold feet, is it possible to attract another by offering a share of the cashflow from a vacation STR cabin that grosses $70,000 per year?

So, through it all with the 4-plex through re-leasing all 4 units now at market rents and passing on the water bill via RUBS to the tenants and charging a non-refundable move-in fee we've increased the rental income by 12% and the gross revenue by 20% with zero vacancy.

Obviously, the first being to pay the IRS a certain percentage on the gross amount and the second being to pay the Canadian government on the gross amount AS WELL - not the “after U.S tax” amount, from my limited understanding this has something to do with the fact that the Canadian government doesn’t recognize an American LLC as a legal corporation and therefore any taxes paid on income produced through the LLC are not in any way recognized or credited after the income comes back to Canada.Other articles claim that there are “work-arounds” to avoid this situation, but they are very vague in nature - I brought this to the attention of my CPA, unfortunately he doesn’t have much experience with cross-border investing and wasn’t much help.I know most people here are Americans, however, if anyone has any experience with cross-border investing or any information that could help it would be much appreciated!

I believe my mortgage person said they'll count 75% of the expected gross.  

With a total of 8 bedrooms that would bring the gross scheduled income to $52,000 per year.

Airdna is showing 80-90k annual gross but not sure how realistic that is.  

When the rehab was complete, if I sold at $110k, my gross profit would have been $110k - $65k loan = $45k (gross). 

I know I see listings for ~$800k properties that have done $100k+ gross this year and $70k last year. 

It's market analysis and the writing has been on the wall for some time, so many of the buy's in the last 3-6 months have been at leveraged points way beyond any logical sense, and based upon a fantasy land of rental rate growth that is well beyond sustainability. 50%+ of gross income in housing expense is NOT sustainable.