Purchase price is what is required to figure out ROI ("I" is effectively the purchase price), operating income doesn't play any role in the purchase price.

Sticking to what works regardless the economic cycle will always play out in the long run.

You're wasting everyone's time while you "play investor." 

Real estate investing is a hard game to play but you are on the right track by asking questions and becoming educated.

Providence has a lot of neighborhoods, even more than Pawtucket, and there's a lot of variation between them, running the full A to D gamut (like "A area" such as the East Side).But there's variation in all of those cities, for example there are good/better areas of Woonsocket and worse areas of Pawtucket.

With projected unemployment to play a huge role in figuring out what cash flow will be.

SECOND THOUGHT: Applying my $1,200 along with the rental income to the mortgage and overpaying in a mini debt snowball play and not save towards my next home.

SECOND THOUGHT: Applying my $1,200 along with the rental income to the mortgage and overpaying in a mini debt snowball play and not save towards my next home.

How does pulling our money come into play? 

I'd assume that would play a big part in how they respond.