is 3X the golden standard gross income in this market?

Most of those employees are not breadwinners in the family, but making their house payment depends on that income.

The base fee is usually calculated as a percentage of collected gross rent, with 8-10% being the most common.

Financial Projections Total Initial Equity: $116,000.00 Gross Rent Multiplier: 9.30 Income-Expense Ratio (2% Rule): 0.86% ARV based on Cap Rate: - 50% Rule Cash Flow Estimates Total Monthly Income: $4,300.00 x50% for Expenses: $2,150.00 Monthly Payment/Interest Payment: $2,061.40 Total Monthly Cashflow using 50% Rule: $88.60 Analysis Over Time Year 1 Year 2 Year 3 Year 4 Year 10 Year 20 Year 30 Total Annual Income $51,600 $51,600 $51,600 $51,600 $51,600 $51,600 $51,600 Total Annual Expenses $59,537 $59,537 $59,537 $59,537 $59,537 $59,537 $34,800 Total Annual Cashflow -$7,937 -$7,937 -$7,937 -$7,937 -$7,937 -$7,937 $16,800 Cash on Cash ROI -6.84% -6.84% -6.84% -6.84% -6.84% -6.84% 14.48% Property Value $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 $500,000 Equity $121,665 $127,621 $133,881 $140,461 $187,646 $305,649 $500,000 Loan Balance $378,335 $372,379 $366,119 $359,539 $312,354 $194,351 $0 Total Profit if Sold -$2,271 -$4,253 -$5,930 -$7,286 -$7,721 $30,914 $170,635 Annualized Total Return -2% -2% -2% -2% -1% 1

The owner is 70 years old and has had the park for about 30 years.They are currently getting $2450/month for rents, but has the ability to gross $4200/month if fully rented out at the $200/month rent.They state their expenses are:$600/year insurance (seems low?)

@Steve Vaughan  yes... the bankers really don't have the right to unilaterally make decisions.. that was the savings and loan days and you know where that ended up.also you have to realize unless you have a LOT of deposits with them  500k in cash or more or a lot of loans into the multi millions.one 107k they simply do not make any money on that.. they get their funds from the fed at about 3% lend it to you for say 5.5 or 6  they make a whopping 2500 or 3000 a year GROSS then they have their over head and expenses of setting the loan up doing all the paper work..

We are now long distance after being stationed as DOD employees with the Army in Italy and now back in D.

Baltimore investors are complaining about how margins are dropping yet it was listed as one of the highest gross  margins. 

Gross Rents are $5480 and the purchase price is $625,000.  

some off the cuff ideas (some may require getting employees or establishing a building)open a shooting rangepaintball fieldlivestock rangecampgroundrv parkingprivate wilderness toursfarmlanddrive in movie theatredig a hole and stock a fish pond