I just figured I wouldnt be able to qualify based off my W2 income.

I replaced a furnace at a rental with in base model, I don't recall the BTU or efficiency off the top of my head, but it was $3450 so I would guess you are going to be upwards of $6500-8K depending on sizes. 

Here is how it appears on the app:Mortgage Information        ^Equity percent:48%Mortgage amount:        Mortgage term:$93,000                            0 yearLender name:First Horizon Hm LnAssessed value:$178,800If the home was purchased for 173,500. 48% equity based on sale price would amount to $83,280, leaving the remaining principle 90,220.

@William StricklandCalculate deals you can use a simple calculator, the issue is typically never the calculator but the data that is input into the calculatorGarbage in = garbage out and this is where experience and knowledge come into play.

I would connect with Amelia McGee of WIIRE who has multiple MTRs in the Cedar Rapids, Iowa area and can give advice based on the similar market.

Trying to learn new things and expand my knowledge base to have the best investor mindset possible.

Homeowner believes they can threaten lawsuit based on Dodd Frank, CFPB non compliance, DTP, etc., and obtain “better” result4.

I only play in the "kiddie pool".  

But agree third party real estate web sites don't update status changes of a property based on my experience. 

The value of any rental property is based on the expected cash flow.