Zestimates have always been worthless so I count this as a good thing.

Stop counting pennies, with all due respect.

I also count principle pay-down.  

That will cover your costs (not counting closing costs, and cost overruns on your rehab)...which as @Marshall Downs stated...makes this deal a little...I'm going to say "really" thin.2 - Minimum Loan...usually $50k, but that number has been creeping up as high as $60-75k.  

(As long as you don't count your time, haha.)

@Chase London - They typically want 2 years of tax returns showing income in the type of business before they can count it.  

Total real estate debt $568K.2 homes in TN monthly rental income (after property mgmt fees  ~$2,400, M,I,PM ~1,900Current mortgage (financed FHA) ~$250K, approx $1,800/mo payment with $1,000/mo income from renting out MIL suite.Bottom line is all properties are making money, with exception of current, unless you count BAH  (Army pays a basic allowance for housing which I would hate to pay to anyone other than myself)as income, but even without BAH, we are paying less than half of a mortgage payment out of one paycheck. 

If that doesn't count, then my savings rate is closer to 30%.

@Robert Hastings We were looking at a second rental and our loan officer, which is at a local regional bank (and is awesome) said they would count 75% of the rent minus mortgage until we had two (2) years of tax returns on our current rental. 

I need to find people I can count on.