Is this an accurate assumption?  

The most obviously weak side of this bill is the assumption that Landlords want to terminate tenants without reason.  

FHA loans are no longer assumable.You can do what's known as "subject to" (the existing financing), but it's not an assumption.

Cap rate is more local based than size based, and who knows if that 7.5% cap rate is truly a 7.5% cap rate, depending on the broker's assumptions it could really be a 3 or a 12.

My assumption is that if the current owner/PM has been diligence about upkeep those will be clean/clear.  

INCOME: $‎0.00 GROSS INCOME: $‎3,750.00 EXPENSES: (MONTHLY) SAVINGS (WHAT IF) TRUE EXPENSES CAPITAL EXPENDITURES: $‎375.00 $‎375.00 $‎0.00 INSURANCE: $‎38.47 $‎0.00 $‎38.47 MAINTENANCE: $‎375.00 $‎0.00 $‎375.00 MORTGAGE PAYMENT: $‎512.45 $‎0.00 $‎512.45 PMI RECURRING: $‎92.80 $‎0.00 $‎92.80 PROPERTY MANAGEMENT: $‎375.00 $‎0.00 $‎0.00 REAL ESTATE TAXES: $‎236.56 $‎0.00 $‎0.00 VACANCY: $‎375.00 $‎375.00 $‎0.00 UTILITIES: $‎0.00 $‎0.00 $‎0.00 GROSS EXPENSES: $‎2,380.27 $‎750.00 $‎1,018.71 SUMMARY  MONTHLY YEARLY GROSS INCOME: $‎3,750.00 $‎45,000.00 GROSS EXPENSES: $‎2,380.27 $‎28,563.24 NET OPERATING INCOME: $1,369.73 $16,436.76 OWNER OCCUPIED: $419.73 $5,036.76 ASSUMPTIONS CAPITAL EXPENDITURES: 10.000% CLOSING COSTS: 3.000% DOWN PAYMENT: 3.500% INTEREST RATE: 4.100% MAINTENANCE: 10.000% PMI RECURRING: 1.050% PROPERTY MANAGEMENT: 10.000% TAX RATE: 2.583% VACANCY: 10.000% LOAN TERM (YEARS): 30 PROPERTY INSURANCE; 0.035%

Of course, there's no TVM assumption here.  

Cory,You are on the right track with many of your assumptions.  

It also assumes a hard money loan and all the other assumptions I mentioned above.If you paid all cash and decided to hold the property, you would not incur the $3375 finance costs, $5000 realtor fees, $1000 conveyance tax (a relatively minor expense but really local to LA county), $2000 escrow sales fee, and the $950 financing cost.

I will be getting a friend (local appraiser) to give me a confirmation number on my value assumption.