For example, and maybe you are using gross totals, but you should start with a "Gross Potential Rent" (GPR) and then then deduct physical vacancy, loss to lease, bad debt, and concessions and then sum to GRP for "Net Rental Income," add "other income" from fees etc to create your net revenue.Then add up all your expenses, excluding cap ex and debt service but including property taxes, payroll, contract services and property management fee.Deduct expenses from net revenue and that will give you your NOI.Now deduct cap ex, reserves and debt service to give you your "Cash Flow" after debt service.

So, if you purchased the house with 200sf of additional gross living area (gla), then, theoretically, the assessed value should already include that gla, since you valued it at the existing size (in the purchase price), even if public records doesn't reflect it.

ARV (based on rental income  of $2,550. gross per month, and an $85,000. owner-occupied ARV). 

It's an employee of the business or family member.

SAMPLE COMPS$37,000 @ 10% for 30yrs monthly PITI = $375 and my gross rent is only $250I saved that $36,000 for 3years. 

So there is a balance between using your cash, taking on debt and increasing your adjusted gross income. 

The employee turnover was high.  

Going from zero employees to ... who knows how many to get these all done.

I understand that NJ is a high priced market but am wondering if this is truly accurate…Primary questions:Should gross monthly rent be entered as if it was not a house hack?

I would look at their P&L and if their total expenses are less than 50% of the effective gross income, then they are probably reporting low.