I think max I could get about $3000 amongst all 4 units

Essential if they are a good tenant they can stay indefinitely and I can increase rent by 3.5% a year max. I

My Max is 12 x annual rent (if location is outstanding).Reason: decreases chances that the property becomes a money pit. 

1) Calls back within a day or 2 (Yeah we all work, don't need to call back in 10 minutes)2) Can meet within about 4 days to walk through a quote (30 mins max I don't want to be there all day unless it is an outrageous amount of work)3) Provides the quote back within 2-3 days with a solid price (not one that is going to keep jumping up, I want to know up front) If it is 15K fine I can budget that.

There are areas in the building that can use some work, but is not essential and does not impact the rest of the building, so i don't intend on doing any immediate rehab (maybe if the occupancy nears max i will eventually consider putting in some money to fix up the areas that are currently not being used). 

I'm not sure if I'm doing the analysis incorrectly, but if I put a down payment of 20% and get a loan for the rest, the mortgage alone, seems to be much more then the max I can charge per month.

That's an average of $206,000 each but now the max is $15,000. 

The bank doesn't force you into any particular LTV as long as it's at or below whatever their max is.

My max is 880k but would hope to get a lower number.

My credit unions is at 75% max. Is