After getting some general data I know that my numbers when running reports are pretty accurate and I have confidence that based on rental amount, purchase price, and associated expenses I can find the right deal, however I am concerned about actually getting the property rented and for the right amount.  

Again, nothing wrong with concessions - just be sure to calculate the true value of the home accurately.4.

While analyzing deals in my local Cleveland market, I am always looking for way to come up with more accurate  estimations for what I could expect to be rents, utilities, and property taxes. 

So you feel 3.5% rate for the term and down payment the OP reported was accurate?

I'm curious about how accurate that is, specifically downtown.

As such, I prefer the term RESIDUAL as it more accurately reflects the fact that we, as investors should ALWAYS be at the helm of our portfolios and we often "work" (even if in the form of education) without any pay at all for months or years before the income starts.  

Is this estimate accurate?

What specific measures or processes do you have in place to make sure that communication with the owner is timely, accurate, and effective?

In a legal document the terminology will be controlled by definitions for particular words in the contract, if those definitions are present.They may also be controlled by past legal cases and by some standardized definitions (sometimes subject to opinion by whoever is reading the term).If you have questions about certain terms and how they will apply to you, it's always best to address these questions to an attorney (who may have to research them to give you an accurate answer).

But the info in the report seemed accurate and like it was hers.