I make 26k a year and could eat the cost of the monthly expenses of the property in the worst case scenario.

Worst case scenario- list them at 1700 and cut the price after 2 weeks if no solid potential tenants apply.  

Worst case scenario, you add value, rent, and hold (with very comfortable LTV, cash flow, and debt terms). 

But I am a person that wants to know worst case scenario as well.

I live in a trailer park and the property manager is literally the worst.

Hotel - Columbus, OhioPurchase price: $7,000,000Renovation: $5,300,000Expected Sales price at exit: $14M (worst case) to $17MCashflow: $400K to $500K/yrInvestment Horizon: 3-5 years2. 346 Apartment Units - 5 separate properties in Cincinnati, OhioPurchase price: $20,000,000Renovation: $4,000,000Expected Sales price at exit: $32M (worst case) to $45MCashflow: $1.2M - $1.6M/yrInvestment Horizon: 2-4 years3. 42-unit apartment - Bond Hill area Cincinati, OhioPurchase price: $1,500,000Renovation: $276,500Expected Sales price at exit: $2.6MCashflow: $80K-$100K/yrInvestment Horizon: 2-4 yearsDeals Sold (Closed)1.

Their cash flow continued even in the worst of market recessions.

It is simply the insurance company's worst-case scenario.

It was my worst investment that I bought it after last crash in 2007.  

Worst case scenario, I could manage the mortgage payment on my own without a tenant.