See pics below.My goal is have it apprise for 75k and refi LTV of 75% = 56k budget. 

The goal of the 50k is to cover TI,LC's, downtime of lost rent, attorneys fees, tenant rep broker commissions so when the space is released you are almost breakeven with the money.

What's your goal? 

I have a goal to own at least one property by the end of 2018.In the past month I have listened to over 20 BP podcasts and have read or are reading the following books:Richest Man in BabylonLong-Distance Real Estate InvestingRich Dad Poor DadThe Book on Rental Property InvestingI have been recommended to keep learning and to get busy networking!

Not a great cap rate, or cash on cash return.Depends on your goals, though - plenty of people out there are happy to park cash at a 5% return in a relatively safe property if it's turnkey.

Would like to have a goal in mind of what is the maximum I would be willing to pay for these properties to even consider buying to make this a “good” deal by the numbers.

The goal when using credit isn’t to pay off the property as soon as possible.

It all depends on your goals.

I'm a real estate broker in Chicago and I'm not saying you need another agent because I want you to choose me, but before purchasing you should interview other brokers to find one that best fits your goals, needs, and wants.

Hire a qualified eviction lawyer.Your tennats goal from this point forward will be to live free for as long as possible, to do that he will use the courts to his advantage and file extensions and appeales aftr every ruling.Hire a lawyer immediately and make sure he has experience dealing with professional tennats.