The price of SFH's is not controllable, so I use that variable to estimate the possible severity and length of downturn.Also, I'm not a SFH speculator, I'm a multi-family guy, but I pay attention to this because it's a barometer of rent potential and vacancies, and my calculations and data regarding this are proprietary. 

Considering vacancy, applying 25% off, projected income will be $3600.Listed Price $540,000, Yearly Property Taxes: $16,500Finances:Current Income:$82,975.52 yearly, /12 months = $6914.63 monthly.Currently Expenses, showing in DTI:Mortgage: $2404 (after the refinance)Credit card debt: $14,000 in one card, monthly payment $140Savings: $80,000 (In my wife's account)Checking: $15000 (My account)Latest FICO: 700I appreciate your input!

I dont have a ton of reserve funds to have a vacancy for 3-4 months.

So I "ate" 5 weeks of vacancy while they did their thing before our unit was "approved."

Most of what I've read has suggested that you shouldn't rent out a home unless you can cover vacancy rate and a maintenance reserve, but is there a point where it makes sense to hold onto the real estate because of how much equity we have in the house, even if the situation isn't the ideal as far as rental goes?

Most property taxes exceed 1% of purchase price. 23% will go for vacancy, repairs and capex.

Most of our tenants stay several years so it is a very low cost to pay to fill a vacancy with a qualified tenant and call it a day! 

Here is some math below.PP: 175kRepairs: 30k/unitARV: UnknownRents: 725/unit*4350= 52,20052,200*50%(operating expenses)26,100*36%(vacancies) = 16,704I know I’m missing some things so please help me out!

A lot of bankers I've been talking with the last few weeks are going to 70% LTV, 1.3 DCR and stricter underwriting (10% vacancy). 

All tenants have been there for awhile.Monthly Breakdown:Rental Income                            $2,400Mortgage (25% Down; 4.75%)       ($645)Utilities (Paid by Owner)             ($600)Maintenance (Estimated)            ($100)Vacancy Reserve (5%)                  ($120)Property Taxes/Insurance            ($270)Management Fee (6%)                 ($135)Monthly Cash Flow                      $530Is this deal worth it?