That will not equate to reality.  

At the end of the equation there is a clear range of what the actual property is worth in it's current state.  

A solid B with almost an A+ = a good equation to me.

Honestly xcel has everything you need if you use it properly.The hardest part will be setting up all the references and equations for your specifications.If that might seem a little too much of a challenge for you I would put an ad into your local college newspaper offering $1000 for an xcel spreadsheet that you can build upon and let a college intern/professor/student build you one for weekend beer money.

Otherwise you have to factor in the cost of the value-add rehab into the equation.

But if you are fixed rate, then the cost of the mortgage is the same no matter what happens in the real-estate or loan market.The second half of the equation is my renter's ability to continue to pay the rent. 

Interest has to be in the equation, maybe at 6% or so. 

Sometimes you can't see the trees from the forest, but taking my biases out of the equation, JP is moving in the right direction.Thoughts??

Without discounting your personal experiences, there's nothing rational about equating an unexplained event/phenomenon with "it must be a ghost".

We wanted to get on the owner side of the equation.