Anyone in Michigan ever use this ratio process to have tenants pay for utilities that aren't sub-metered?

I know too many senior citizens that have to spend their savings as interest rates aren't giving them the income they used to count on and most of their longer-term, higher-rate CDs have expired.  

If they aren't doubting you, you're not aiming high enough. 

If there were a 3 or 4 unit I would more likely be doing better than that, but there aren't any.

However, personal residences aren't really income properties most of the time.

So these aren't really "don't even think about it!"

The payments won't go down, only making a quarterly interest only payment today, but payments aren't the issue.  

Another factor is the rental prices aren't making sense, while still continuing to rise.

A concern I have is that there aren't a lot of four bedroom homes in our neighborhood (ie are we pricing our home out of comparable range).

I am guessing you have to go to commercial with terms that aren't as favorable.