These questions need to be answered relatively quickly. 

I would have a column for expenses directly related to rental portion, and one for related to the whole house.

At least I do.The problem with that in reality is two fold: first we are in the information age, so everyone knows about the project long before it's even approved.

Hi everyone, I'm relatively new to BiggerPockets and  am seriously considering expanding my real estate investing into some SFH in the Cleveland area.

Thanks Bart, they are relatively new in the Chicago market.

I forgot to consider the risk factor as it relates to my wife's internal spreadsheet.  

As a renter, I have "location freedom" in that I can change addresses relatively quickly when compared to owning a home that might not sell right away.

This site is choked full of relative real estate content and the best for networking too.

Get balance transfer offers, get a temporary second job, drive pizza or Uber in the evening, borrow a bit of money from a friend or relative, etc. and beat the interest and you will be good.

One applicant (She) is making a good salary (x3.8 rent) and have a relatively low debt ($570 obligation per month).