I am hoping that information told to me was accurate!

I'd be scared to test the big paper because of the cost and even if it pulled, my area is way smaller as I've gotten lazier in my old age.

Will,I agree with you on being disgusted with all this garbage about the brand-new laws that will take effect in 2014, and no one will know how the law will play out until 2014 and also until it is tried and tested.

Phillip,My quick thought would be to "stress test" your re-fi numbers at higher interest rates (5%-5.5%) because there's a significant chance that 4.5% rates will be long gone 12 months out.Good luck,Adam

Test the market to see what it will bare.

Do I use the $60k or $80k to figure an accurate Cap Rate?

While no doubt well intended, they are certainly not always reliable/accurate.

The numbers you used as an example earlier are actually pretty accurate.

You have no rental income currently to show the bank that your estimated income is accurate.

@Jon Klaus Yep I've searched the tax records and I've gotten a number for the land, I'm not sure how accurate those are since I've never used those to value houses.