I've also been able to negotiate price and terms for multiply clients, some purchases fairly significantly under comps (especially if they're closing out a community). 4.

That's a 96X multiplier, seems a bit more "ridiculous" than "reasonable" to myself. 

That means costs multiply with loan count, not just loan dollars. 2,000 small loans cost far more to securitize than 400 larger ones, which is why asset managers  prefer higher minimum loan sizes.

I used gross rent multiplier, and CAP rate calculation.

For example, are they taking 8% of the quarterly estimate payment I made (whether it's high or low) or the actual quarterly earnings for that quarter, or are they taking the total income for the year, dividing by 4 and then charging interest based on that average quarterly amount (multiplied by the number of days late)?

Hi BP community,As investors, we all know leverage can multiply returns—but it also adds risk if not managed properly.

Referrals from happy lenders – Word of mouth has been the biggest multiplier I’ve seen.

Federal incentives multiply when cities provide regulatory frameworks for ambitious development.The timing is everything.

My advice was...if you thought your LTRs were a lot of work, multiply that times at least 10 for a STR :) 

If it continues and you use leverage to multiply the return from appreciation, it should result in a good return for a long hold.