If you have trouble showing income and the property is non owner occupied, you may qualify based on DSCR 

(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option  based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000    vs    NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?

Appreciation is based on the specific/immediate area of a specific property...not the state. 

We then also have a team of “coaches” that will help make sense of the numbers and provide feedback based on the data we have seen from hundreds of other successful deals before.Rehab: Another resource we provide is inspection report and rehab bid reviews with our construction coaches.

My advice (based on my own personal experience with investing in the Columbus, Ohio market) is to secure the asset even if it's not bringing in as much as you desire (within your finanial means of course) because today is the cheapest that property will ever be. 

2) As a partial year resident, do I just include the resident portion of taxable income in the base, rather than use the non-resident worksheet? 

I meant 10% down based on SD multi-family real estate prices.

Questions I'd have if I were in your shoes would be based around how the CAM expenses, management, taxes etc are going to work. 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

The seller had squatters in the house, and we were able to assist them with getting them out of the property before selling this South Land Park house to an experienced house flipper.