The reason you need a professional (3rd party) estimate is to support your security deposit withholding.

According to my attorney, I am already exempt from a lot of city rules since I live in the property.

And with anticipated child support added in, just counting my W-2 income alone raises my DTI too high to qualify with all my debts total.So does anyone know of any lenders who would count that spare bedroom income in my DTI for refinancing?

In that case you might need to find a different lender or send them the trust for review, if your trust attorney is good they should be able to provide support services for free and give the bank a call to explain the situation.

@Ayne Cardona you may have violated some sort of rules for bigger pockets.

Much better than legal eviction.Doubt a court in CT will support your attempt to evict based on non-payment of a $50 late fee.

My initial projections based on a buy and hold analysis are:$1550 a month in income(Lots of assumptions here)$904.78 monthly expenses(Including maintenance, management, and the vacancy rate)$645.22 monthly cash flow23.45% pro forma Rate$9240 net operating incomex 50% for expenses equals $775Monthly interest/payment equals $124.78Total monthly cash flow using 50% rule equal $65082.90% cash on cash return on investment30.90% purchase cap rateTotal operating expense $780 dollars a monthAs I stated earlier, the house is close to downtown and the State University.

You know the laws, regulations, & rules of American investments.

The rules of thumb I have heard are people targeting a 24% return.

My basic rule of thumb I give to wholesalers is if they can figure out what the market sale price will be when the home is fixed up, subtract around $45k and that is where I need to buy it.