Most people don't live in Manhattan or Brooklyn. If you live in a high COL area, adjust accordingly. I suggested using an approximate 2.3x multiplier elsewhere.

Most people don't live in Manhattan or Brooklyn. If you live in a high COL area, adjust accordingly. I suggested using an approximate 2.3x multiplier elsewhere. The most financially effective way to be a programmer is to work remotely for someone who pays SF or NYC salaries and live in a moderate COL area. I've always seen the rental income requirement you stated phrased as "monthly income must be at least 3x monthly rent", in case the 40x thing threw anyone else off (40/12=3.33).