Never a bad idea to look at the comps - this should help give you some direction based on your specific market.

If I get multiple apps I will start with the ones that appear to be the best qualified on paper (based on income, length of lease desired, past rental and employment history) and I'll run those first.  

Martin writes about measuring your current cash flow based on your current equity. 

So is your half of the profit based on you finding the deals, and negotiating the deals?

This gives me a Net profit of 82K which is an Average Annual ROI of 57.4% based on the total 18k investment.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Your new taxes are based on the PP, if it was significantly higher than the previous, well your sh@#@it out of luck.

You can qualify based on debt-to-income alone. 

Long term rates already have a .75 BPS to 100 BPS increase in margin spread do to risk, that will come off the table soon and lower rates just based off that and that would put my 30 year fixed rate in the 5.25% to 5.5% ish range. 

One could also base it on an independent appraisers report or other basis that can be reasonably justified.