I'd really appreciate experienced investors to take a look at my work and let me know if my assumptions are sound or if I'm completely off base.

But what the seller has is a type of contract that requires consent of any assumption of their financing.

I am curious bc my area is similar to Todd's and I see SFH as a viable alternative to apartments but am also trying to vet this assumption.

My wife, however, had not been "continuously employed" so they counted none of her income.Ironically, they ended up approving us for roughly double what we comfortable spending with the assumption we only earned half of what we actually did.  

I won't, however, base my assumptions on 6% EV as some brokers and even sponsors do.incremental rent growth after the property is stable is 2%I think we can safely assume a 3% growth rate going forward due to high demand and low supply (depends on your area). 

I am sure a lot of my assumptions, and numbers are still a bit off, but at least it is a starting point.

That was the answer I was expecting to hear, but I didn't want to make any poor assumptions.

I then look at the cash on cash return because I think it is a more solid number and more accurate to calculate than an IRR or something more complex with assumptions such as appreciation, etc. 

If the deal works, then the property taxes are just another one of the assumptions.  

@Chris SeveneyThanks for the response, that was my assumption.