Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

I Can only realistically get $1600-$1700 a month renting my house based on the market.

@Ken M. rents are softening in the places that have had a lot of new units come on line.  

As far as home office no longer being an IRS "red flag" I guaranty that if you put a home office deduction on a personal return on Turbo Tax it will move their audit risk needle.

@Sharma Parth the company is out of Arizona and in 12 markets.Just a few years ago, Flint had a major crisis due to lead water line poisonings.

Rents in the area are strong, do you think it makes sense as a rental, or would you go all-in on the flip? 

Does anyone do an online application?

Why focus on assumable as opposed to working on Sub2 deals? 

Be careful following the advice of strangers on the information superhighway.

From what I know of the sponsor’s background, they have NO basis to believe they can successfully navigate the very complicated business of revitalizing a name brand via on line sales only.