It was because of a misdemeanor public intox charge I got received 6 years ago on a Pharmacy class bar crawl.We dealt with a third party screening company that was like dealing with the DMV.    

If all of your numbers are correct, then this is an excellent calculation because it would tell me to look elsewhere.

I obviously would like for the current tenants to remain, but also make the new tenants feel they are receiving equal treatment.

Here is an example where you put in $70k to buy your Investment Property and you receive $500 per month.

My wife and I received our pre-approval letter last Friday.

My wife and I received our pre-approval letter last Friday.

@Deborah Burian that’s an excellent point with the adverse weather in OK!  

Not sure if this means the house was rented previously or not, meaning that since we purchased the house we have yet to receive any payments.We tried calling "our" Pm company several times, as well as email but the person rarely replies.

Just download the Excel file from there. 

While prices of investment properties should be based off of the actual rents received, or arguably the market rents expected, you will notice that properties with fewer units will be based more on comps than cap rates or rent multipliers.