Good Evening ,Just had a question please, regarding the Average LENGTH of TIME to hear back about HELOC Approval ??

Since this base amount isn't really defined, would you charge the rental amount that is actually in the lease, or subtract what the average utilities might be and come up with a number?

I was researching a property that was for sale, it was a 4-plex with each unit being a 2bd 1.5 ba. 3 of the units were rented to a single individual for around $695 each when the market in that area was ranging somewhere between 750-875 average.

Since you are in an older place in this country that there is a bunch of older units that will need more work than average.  

That will tell you that the performance is not dependent on a couple of people making short term gains, but a stable performance pattern that is likely to persist.Also, if schools are a high weight in your decision making, I would also suggest looking at things like crime rate, average income in the areas, ethnic concentration, and other factors that generally effect kids at school more than adults at home. 

Allentown will be more compact, it will be more so middle class type properties mixed with lower end properties. 700 credit score is above average, you should be in good shape.

I would be cautious using comp information from zillow.com because basically zillow takes the average selling price per square foot of an area and multiplies it by the square feet of the house to come up with their Zestimate.  

I imagine I would ideally want to price them a bit below market average to beat out some of the competition.

Track everything you are responsible for and review that regularly look at them in an effort to reduce expenses and possibly increase your income.In the begining, just do what is average for that subject neighberhood.  

My expenses are low compared to the average person its just over 1,000 but I'm not making enough at work to take a nice chunk to save.