Here is the question I want to bounce off everyone to determine if my thinking is correct or not:Hypothetical example: If I'm looking for a home that will have a monthly payment of $1500, I am placing more emphasis on homes that would have a lower percentage of it being mortgage cost with the rest as PI.

Remember that its a percentage of gross income... so if your building is somehow demanding very high rents its again overstated. 

Renters generally get 90 days...and are often paid to leave, unless she meant that she gets a payout if she leaves in 2 days.

I believe it is possible to manage a property without having a brokers license if you own a percentage of the property.

My understanding is that you're calculating a percentage of your rental income. 

Conventional guidelines deem condo projects ineligible if one person or entity owns a certain percentage of units in the complex. 

Hi Daniel,I believe in order to get a home equity loan, they would only be able to give you a percentage of the value minus the current debt on the property.

Now that you've screwed around with the percentage rules, analyze this deal with the numbers that really matter...the ones with actual $$$ signs in front.

If you use that parcel as a comp, you have immediately shot yourself in the foot before you even get started.This thought process is the same in an urban environment, but the tract size is fractional (dollar for dollar) so the development costs as a percentage of project cost will usually drop (making it less influential).Sitting on land has its disadvantages:- Property Taxes- Insurance - Maintenance (grass?)

Worst case find a percentage that works that allows you to still cash flow.