Once you have a sense on price you can sell the homes for, I would take a haircut to the total resale value and add it to the NOI.

Drive by the house, peek in the windows, I have seen many auction properties listed as occupied when it is obvious on visiting them that no one has lived there for a long time.

You obviously have someone who doesn't know what they are doing.

Obviously the ultimate goal is to have it in complete passive mode where I'm not even looking at maintenance items except for once a month.

Not to mention I'm also actively looking for deals (smaller apartment buildings, 5-24 units) where perhaps seller financing or a master lease option would be a possibility so I can get started without much of my own capital, but obviously these are difficult to find given my inexperience in finding off market deals.

Obviously, don't ask every single one of these questions to every single property management company during the initial conversations.

What do you have as a down payment, what is the total you need the loan for? 

NONOPayment Calculation Years 1-30 Principal & InterestMortgage InsuranceEstimated EscrowAmount can increase over timeEstimated Total Monthly PaymentEstimated Taxes, Insurance & AssessmentsAmount can increase over time See page 4 for detailsCosts at Closing Closing CostsCash to CloseCLOSING DISCLOSURE$836.31++--$836.31This estimate includes In escrow?

A kitchen remodel total gut and redo .

Total square footage of the 4plex building is 3,376 sq.ft.