If there is an issue on your credit-worthiness side (which, THERE IS if you are hearing "no" from multiple different lenders) then you'd be wise to get that figured out before you spend much more time applying at different places.Be well and an multiply!

It doesn't have to be a lot because you're freeing up an under performing portfolio to do the heavy work of multiplying wealth. 

I got the $3400 from multiplying your gross monthly rent by two to get $3400.

Only problem is I’ll be newly married and my wife won’t want to move more than a couple times and absolutely no room mates in the same direct area.Or I could use my savings to find the right deal to live in flip and house hack for 2 years to hopefully multiply the month put in?

@Betty Cruz - Thanks for your insight.I re-ran my numbers and used tax amounts based on the tax rate multiplied by the price I'm offering, and the projected ARV after I do some renovations.

The deferred maintenances wrack up quickly, and you have to multiply that by the number of units.I am not trying to scare you off, just you need to budget for them.

You multiply the monthly income by 50% to estimate expenses.  

Once you have the cap rate for the area you can determine the value by multiplying the annual NOI by the cap rate.  

Because electricity and gas are monthly expenses they need to be multiplied by 12 to come to the annual amount.So $200 electric should be $2400 and $500 gas should be $6000 total for year 1.I would also highly recommend that you transfer the cost of both electric and gas onto the tenants as this would decrease your annual expenses.

Multiply your square footage by comp square foot and that would give you a decent idea.