Also, if I linked it to external sources using that, I was wondering if it would "bitrot" over time.

What are the requirements for our renovations to be factored into our Capital Base?

Food for thought of the day....The importance of building your support team/group I have found is a critical factor in this business.

I graduated a few years ago and the key factor to living a few miles off campus is typically public transportation (or school based transportation).

@Jacob Sampson Ah my mistake --- the taxes are about $4,900 and was factored in the above analysis. 

All I want to do is plug in the factors of HOUSE X and let excel calculate it for me and then BAM!

No tax returns are required nor do your personal income or debts play a factor in approval.

The 2nd factor is ...

That averages to $19,600 per property as the target re-sale value.There will be closing costs to factor in on the re-sale (estimate another $15,000)Plan is to market them for a little over $1m (for 51 units plus a garage, that's damn good!!)

I definitely agree that the cashflow should be the overriding factor, I was more or less giving you an out if after breaking down all other factors you were still unsure.