Expenses at 2% and property value at 3% should be within a percentage point or two of being accurate, but income at 5% will be difficult to pull off unless you have a sizable increase or two at some point, which may be feasible as you mentioned this may be below market rent. 

Kevin's answers are accurate.

Donna Dr area), they rent well and you'll be in better shape, facing less of the challenges that D class brings.Deal 2 is much more attractive, in my opinion, assuming your reno estimates are accurate and there are no major CapX coming up very soon. 

Are sites that give a rent estimates accurate?

That would give you a very accurate view of occupancy rates and pricing. 

I have looked on Zillow but I'm not sure how accurate that is to use to gauge a pricing offer.

From there you need to be able to Accurately estimate rehab costs.Accurately estimate after repair costs.Understand how to manage a renovation budget and timeline.

I have looked on Zillow but I'm not sure how accurate that is to use to gauge a pricing offer.

Most noteably your repair estimate and ARV needs to be accurate.

The bank is going to want more than 1-2 months of payment history to judge your credit worthiness, the longer the betterSo my advice is to A. start using credit karma immediately. it's free and accurate enough and B. if you want to use banks and debt to run your investment strategy, then you need to participate by their rules.