@Andrew Dodds,You are basically looking to put a 1st and 2nd mortgage on the home.

Many have posted a few great tips already, that's the cool thing about this forum ;-)That said, I highly recommend using the awesome tools provided here on BP to learn the basics of analysis and underwriting.A few tips to get started and your continued learning:Find and connect with other BP members that are in your area.Set up keyword alerts to be notified of the topics that interest you.Read Beginner’s Guide.Check out BP Podcasts.Find upcoming real estate events and meetups near you.If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

I want to know the cash flow # I can produce easily with 100k cash invested in real estate basically.

I’ve met people like him before but and you can easily basically say the wrong thing.

We gave the landlord a copy of the local tenant landlord act showing that the roommate could be removed without issues or courts being involved but he has backed down and I don't have a strong enough relationship with him to push it. 

The fact that it's taken you a month to find contractors for basic repairs demonstrates you are incapable of performing as a property manager on this particular home.I request termination of the contract and a return of my earnest money deposit no later than April XX, 2018.If they refuse, hire an attorney.I don't know your state law or your contract but the seller typically can't do anything to you for walking away from the deal.

They basically just used our rent roll and this cap rate to come up with the assessed value. 

His statement indicates that he is taking advantage of the court backlog.

yea essentially that is whats going to happen...but term sheets are more deal specific.They will basically provide you with a pre-approval letter based up to a certain amount...just like a traditional home loan.  

I told the broker today about my concerns with the rent roll and he basically said that what he was able to produce for the OM took a ton of work to formulate the numbers to be what they are based off the scratch pads of accounting they the seller maintains and calls records lol.