Normally, in instances like this I make my assumptions using Occam's Razor.Is this a common problem across the industry or did I just happen to run into an anomaly?

And although I may not cash flow immediately, I am willing to run my numbers with the rent that I am currently paying.

I know you said it's in a multi-unit zoning but you could run into many problems making this change.

I live in Danville IL and it looks like everything is for sale low prices homes rent ready anywhere from 15 to 30k and of course your older run down houses 3-10k all different types of houses in different conditions.

I'm just looking for a ballpark figure for an SFR so I can run some cashflow estimates.I was guessing 100 a month?

From there, you need to run estimated numbers the best you can using some averages to see if projects would still be viable with those fees.

@Joshua Tikal College rentals are not something we specialize in but the experience I have had from managing thousands of rentals over the years is that everyone starts out wanting to provide good housing options for the general public but lose sight of the fact that this is a business and please run it that way.

Renting to students is a good model, and unlikely to run foul of the Portuguese tenant-friendly laws for renewals. 

The lender will ask for some basic information, such as your income and expenses and they'll run a credit check.

Shane Humes What you're running into is a "pick your metric" issue that's a prevalent challenge on BP.