I think that, yes, there should be minor differences in expense assumptions.

. - check your taxes and insurance numbers with a local expert.Even with more conservative assumptions, I bet you have a chance at a deal with a 6%+ Cap rate (could be wrong let’s see what the analysis says).

It definitely is a matter of time and experience to be able to find that rent $ sweet spot assumption.

Acreage is 0.89 in a c+ neighborhood 4 Plex stand alone houses rents all at 850 Purchase price at 450k FHA with property Tax at 3600 annually Premium insurance at 307 monthly APR at 4.79%Interest at 2.99%Assumptions: vacancy at 5%, cap ex and repairs at 5% My thoughts running the numbers it’s “bad deal” however this property could fit commercial requirements with an option to build 2 more units.

@Dan DelcorioEveryone jumped at answering your question, making assumptions based on your vague description and accepting your decision to sell.

(this with the assumption in the future, the rent can be increase and the appreciation of the house increase.   

In short, for the expense side I identify my assumptions outside of Principle, Interest, Taxes & Insurance (PITI) to determine the bills or payments due. 

Don't make broad assumptions when it comes to law.

I believe my best bet might be to call a local realtor or property manager as they would know the market better than I can make assumptions online. 

If you tell them the assumptions to make (income, credit score) then they should be able to tell you what they can do for someone in that position.