Information that I have received from our lender is up for discussion.

I would also check local rents around to see if it's comparable with the annual rent they claim to be getting. 

This is something I've really struggled to understand.With the average annual household income still sitting around $55k, and prices of new builds/old homes shooting up to where anything over $350k is no longer feasible for these households, does that mean the rental market is essentially "capped"?

Information that I have received from our lender is up for discussion.

In a single family home, if it was vacant one month during the year, that would be a vacancy rate of 8.3%.Now what you do with that percentage is multiply it by the Gross Income (the scheduled annual rents) to get the Va- cancy Allowance.Vacancy Allowance = Vacancy Rate x Gross IncomeSo if the property takes in $72,000 a year and your Vacancy Rate is 5%, your Va- cancy Allowance is $3,600."

Assuming you mean 12k annually this is 12 percent return, assuming 100k cash.

I received an extra copy that I am willing to give away to anyone in the BiggerPockets community.

I received an extra copy that I am willing to give away to anyone in the BiggerPockets community.

I just realized a friend had invited me to the annual Lifestyles event downtown. 

If you are a responsible landlord, you received a copy of this lease before closing.