He can also tell you approximately how much tax you would pay as he would know your federal tax rate along with your state tax rate(if any).Regarding calculating gain on saleSales price less adjusted basis = gain.

A refi will just adjust your rate to keep the same balance and your payments could decrease but no cash, equity will be the same.

So you adjust, you shift, you listen to those that have made the mistakes, and hopefully, you avoid them.

I’m curious what kind of rent adjustment this calls for?

This week has been the first week where open market prices started to adjust downward.I recon within the next couple of month we would see a 30% discount on prices.

The City of Oakland then passed an Emergency Ordinance capping rent increases, which states: "any notice of rent increase in excess of the CPI Rent Adjustment [3.5%]... shall be void and unenforceable if the notice is served or has an effective date during the Local Emergency, unless required to provide a fair return." 

If you use the criteria 3x the rent for income you may want to adjust that number 3x the tenants portion.  

After adjusting my numbers I came up with a much smaller Annual Cash Flow of $16,000. 

Depending on what responses you get adjust the underwriting and make sure you are going to get the return you are looking for.

Is the income used for calculating the forecasted exit price adjusted for the next buyer’s property taxes?