You didn't specifically ask the question but you may want to limit the number of properties in one single LLC for asset protection purposes...others here are more qualified to chime in on that, mine are not 1 for 1 but it is also not 1 for everythingb

Hey @Rob TartreRentometer can help.Also go to Craigslist and look at rentals in your property area, just make sure you're comparing Like buildings (condo vs townhome vs duplex vs SFR)

Make sure to provide the real estate agent - your lease agreement including all additions and provisions, instructions on how to screen the tenants (you set the terms according to the specific house in the specific neighborhood comparing to other rental in the area). and you let the RE agent list the rental in the MLS.

Also, I am confused. how is your lender providing you a number that you are comparing to be off by a mile? 

If you're analyzing for rentals, I've found rentometer.com to be a decent resource for finding comparable rents.  

I wrote the above for informational purposes.

If they can do it, and depending on where it is, the lender uses 75-85% of the comparable rents or leases for income to help people qualify. 

If people factored in the costs to operate a property as part of the purchase equation, then perhaps they would be able to compare apples to apples, but that's just not how we value property these days.

I’ll evaluate a property myself and compare with the BP calculators to make sure my math is correct.

Should I consider them when comparing other applicants?