I came to this conclusion by taking 650 (potential rent) multiplying it by 7 to get the monthly gross potential rent, multiplying it by 12 to get the annualized gross potential rent, multiplying by .5 (or dividing by 2) to estimate expenses, and dividing by an 8% cap rate.

After the tenant moves, it will cost me about $25,000 to gut and remodel the apartment and I can easily get $700 per month more for rent, or $8400 per year more, or $84,000 more every 10 years plus I immediately increase the value of the property $8400 per year more income time 16 Gross Multiplier = $134,400 increased property value + $84,0000 additional rent in 10 years = $218,400.Would you let your emotions and feelings force you to lose $218,400.

Then they'll multiply the deposits by 50% (I think that's the percentage they use) and that number is considered your income. 

You should be able to take the current estimated value of the house and multiply by the current tax rate for the County.

The carrier takes their rate and multiplies it by the insurable value of the dwelling. 

Also, if you put 10% down or more, your MI multiplier will be reduced from. .85% to .80% so this will help lower your payment and debt ratio. 

We are all trying to secure our future and looking for the best opportunities possible to multiply our savings and wealth.

If you sell, take the profit and use a a 20% down payment on a true rental property with high positive CF, you'll be light years ahead in profit by the time you break even holding this property and doing the rehab.Do the first step of the math:1 -  Figure out what profit you'll make selling the property.2 - Then calculate all the rehab needed, all the monthly expenses you'll need to cover holding it with a tenant in place (add in the monthly expenses when the tenant isn't there...as in rehab time), and subtract that from the potential (realistic...not high end wish).  3 - Multiply that number times 12 to get the yearly cash flow "potential".4 - Now divide the number from Step #1 by the number from Step #3.That's how long it will take you to wait for the cash flow to equal the dollars in hand right now.5 - Take the number from Step #1 and multiply it times 5 to get the total property value you can buy using the Step #1 cash as a 20% DP.6 - Compare number from Step #5 with Step #1 to see what you're losing in Property Value if you hold the property.7 - Find out what the potential CF could be on the properties you bought from Step #5, and subtract that with the number from Step #'s 2 and 3. 

Make sure they know 3 identical units will be built at once - you would save over the cost of 1 unit multiplied by 3.Talk to a local realtor or two and the local chamber of commerce.

Multifamily investing has multiply doors as income.