@Dawn Miller Great I would follow our system to create 2 notes and calculate the what each note should be. 

Lenders will use your tax returns schedule E to calculate your monthly rental income.

I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

The first year is probably the most crucial year, as you will need to calculate the cost basis in your rental properties, which will influence your depreciation expense on Schedule E.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello All,Peter Piper here. 

How do I calculate that?  

concerns about safety/fraud , taxation etc...https://cocodevelopmentgroup.com/boulevard-villa-bali/PDF of payback calculations   https://drive.google.com/file/d/1FQca4xOb7Dgxy9o5-UP8wvXuZCo...

I have been able to find deals in the current market using the BP calculator that fit my buy box, but when I see that homes in that area are estimated to be ~30% overpriced and am watching in real time prices drop it leaves me unsure what to do.

Sorry to hear about your loss.Make sure that you calculate the step up in basis as you inherite the properties.