Food for thought of the day....The importance of building your support team/group I have found is a critical factor in this business.

I graduated a few years ago and the key factor to living a few miles off campus is typically public transportation (or school based transportation).

@Jacob Sampson Ah my mistake --- the taxes are about $4,900 and was factored in the above analysis. 

All I want to do is plug in the factors of HOUSE X and let excel calculate it for me and then BAM!

No tax returns are required nor do your personal income or debts play a factor in approval.

The 2nd factor is ...

That averages to $19,600 per property as the target re-sale value.There will be closing costs to factor in on the re-sale (estimate another $15,000)Plan is to market them for a little over $1m (for 51 units plus a garage, that's damn good!!)

The agent then doesn't have to split a commission and I won't be dragging around my agent and wasting his time.I just figured having my best interests in mind isn't suggesting that I pay the same price for an old run down house as a completely remodeled and beautiful home down the street.  

I definitely agree that the cashflow should be the overriding factor, I was more or less giving you an out if after breaking down all other factors you were still unsure.  

.: What you mention: Your SDIRA and yourself own 50% each of the real estate, there are some factors to consider prior to completing the transaction:Biggest one being Enabling: Did you (as a disqualified party), enable your SDIRA to complete the transaction?