I am thinking out loud and could be speculating incorrectly but this is all we have to work with.While we cannot know for sure what the payment amount is without seeing the note, any modification or forbearance agreement or simply getting the information from the borrower or the servicer, we can make a couple of assumptions and get in the church.

1-4 residential for appraisal purposes puts more weight on the comparable sales approach. 5 plus units more consideration is put on the income approach for valuation.The purchasers who buy breaking even and hoping for strong rent growth year over year to create eventual cash flow are speculators and not investors.

Without knowing the facts and circumstances, it's impossible to speculate any further. 

So I'd like to find  higher end properties bought well, find good tenants, and hope for appreciation and income down the road when my earned income is lower, Some might call that speculation, but that's where I am.  

This is all based on what youv'e said though i'm not an area expert.So your total expenses will be around 37-38k and your income will be around 58,800 at current rents (should stay low if you put them on NNN) so you're cash flowing around 21k a year.Not to say this will happen and i know it's speculation.

As an added bonus, one could easily deduce you haven't studied long enough to develop knowledge of a specific areaWithout a focused BP it's not investment but rather speculation.

You're speculating, based on median prices and zillow.

I don't have enough money to speculate (gamble) with real estate.

And break even is OK, because I'm speculating on long term gains.

It seems like there are REI who speculate on an increase in values, and those that invest for cash flow (and both together would be nice).