My estimates are based on personal experience having done a fair amount of renovation on my primary residences and estimates from friends and family who are contractors.

Why would someone be willing to take payments on a home based on your promise to pay?

Jacksonville is a great place to invest as I'm sure you've figured out based on your homework.  

@V.G Jason thanks that helps the M2M is based on Zillow and Redfin although the numbers listed above are ~100k less per property than what those websites show for each propertyI need to look into recast I am assuming the mortgage broker would know this?

Based on what you're describing, I think your going-in criteria is definitely something that is strong *however* your goals may not match what current market reality is.When you say $3200/month payment - do you mean $3200/month before or after accounting for potential future rental income from your tenants in the other units? 

I would let him know that any unused rent money would be refunded, along with his deposit, assuming he meets the lease requirements.Personal opinion based on the information shared.

Principle paydown is something that a lot of people gloss over, but your interest rate and loan balance play a big part in this. 

Maybe we can call it the "Ohio Cartel" lol@Pradeep VelugubantlaBeen based in Toledo for 10+ years now.Updside:1) Low entry, high cashflow2) Blue collar employed tenants that pay rent3) Homes well kept4) Certain pockets have infrastructure that supports tenant and homeowner demandDownside:1) Tertiary market with declining population from a macro standpoint2) Not much upside from an appreciation standpoint3) Unsophisticated work force.

Then I'd ask myself if the monthly payment would cash flow based on rental comps.

Any input on a number you use to create a high level estimate to finish a basement based on square footage?