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. 

For example, one of my properties is on track to be within $34 of projections on gross revenue of $109K this year.

I’ll even call it $250,000 if it makes you happier. 10 2 bed units grossing $950 a month is $9,500 plus 1 commercial restaurant brining in $2500 a month and 1 commercial office brining in $500 a month.

Examples of returns we are getting:2 bedroom condo purchased for $270k grossing $4-6k a month (depending on season and our major events). 5 bedroom non-beachfront home purchased for $200k (would be $350k in today's market) grossing $6-$10k a month. 5 bedroom beachfront home purchased for $1.25m grossing $10k-$20k a month (giant range based on events and current owners use the property for themselves about 40% of the time). 

So yes, while the 1% rule of thumb might not get met here, the gross amounts are totally irrelevant.

The higher the risk level of an area or an asset, the higher gross rent (as a % of purchase price) an investor should target... or else they're potentially setting themselves up for imprudent investment choices that might kill any hope of a decent return!