@Jay Hinrichs I believe anyone trying to sell their home can go on Zillow and receive and compare instant cash offers from investors, like invitation homes, etc. 

How does it compare to the other apartment complexes in the area?

Also, when a buyer was buying single family home there would ask for a comp-based appraisal and a single family comparable rent schedule Fannie Mae Form 1007/Freddie Mac Form 1000. 

Look for borderlines, where the ghetto morphs into a comparatively nice street of houses, and figure out what anchors that area.

My husband and I are comparing possibilities where we live (Nashville, TN) to where we grew up in Indiana.

If you are reporting this Income in the tax return, they would compare your financial with the tax return. 

I will keep that in mind when comparing the rates.

The lender doesn't want to see a dramatic drop off of overtime in the last 12 months compared to the previous 12 month period.

For the area I am in, I spoke with my realtor and are confident that the studio would rent for $900-$1100, and if I were to rent the actual house (in a year or so) comparable show it'd rent for $1800-$2000. 

15K is not a renovation, so, you need to make sure that you're comparing like to like