I would do a cap rate evaluation and try to achieve close to a 8-cap after all expenses. 

This thinking contributed greatly to the market crashing back then and no lender in their right mind would evaluate a deal in this fashion.Lenders will always base value on the lower of the appraised value or the sales price.  

Take your time and evaluate and do a lot of due diligence. 

I am evaluating a $300K house that is about 40 years old.

We will see what the overall return looks like in 9 months when they have had a full year to go through a full evaluation of their assets valuation at least once. 

The protocol, my team tasks in situations like this would be the following: First, evaluate if the requested repair is truly cosmetic or if it impacts habitability.

We have yet to have another appraisal completed but I estimate a new evaluation of $350,000.

Some of us are on the forums daily, while others may only log in once a week or less.

When i clock that it takes me to a new page, asks me to log in or pay $99 for a packet.

But if tenant stability and needing cash flow are higher priorities for you, then it may be worth re-evaluating or looking at alternative properties that offer more reliable cash flow from day one.