Figure your PM at 8- 10%, you will have garbage, lawn/ snow maintenance, water sewer, your taxes, insurance and loan payments. if there is common hallway or outdoor lighting, is it metered separately, if so, you will have that expense as well. 

In NJ, the statewide standard real-estate form has NO ASSIGNMENT clause so be careful.

The FICO is of no interest, but in a full report, you get the 30,60,90 day lates and that tells you everything IMO.As @Austin Youmans notes, it's also a future insurance :)

Also keep in mind that those on a visa are held to a higher standard to keep that visa.

Also, when you're getting the property spruced up and marketed for a tenant, you'll be paying a mortgage, utilities, taxes and insurance with no rent coming in.

But then there is saved mortgage insurance because I brought the 20% cash but they are getting the advantage of it.  

While an insurance policy may cover your defense and potentially cover the actual damages of your tenants, it cannot and will not cover punitive damages.  

While there's a smaller pool of potential tenants to choose from, there is also a very small number of available rental units.A few expenses I noticed missing from your numbers were vacancy, insurance, and capital expenditures.

.-6-units fully rented ( 2-1bdr/1ba, 4-2bdr/1ba)-Sale Price to end buyer = $420K-Yearly rent = $72K-Yearly expenses = $21K (includes taxes, utilities, insurance, garbage, exterior maintenance)-NOI = $51K/yr-CAP Rate (NOI/Price) = 12.14%Please let me know what you think!  

They are supposed to stay until the insurance can rebuild their home.