My company is new so I'd have the ability to change it without much trouble.

I used the rental calculator on BP to determine the rents for both units, then just combined them.

What criteria do you look for when someone has ability to buy through a traditional loan?

So nothing should change since your value is based on your buildings ability to produce NOI

Finally, in situations like this, where Bob is taking the loan solely, is a common selling point to Bob the ability to do the same thing as I mentioned before with taxes in order to offset his DTI based upon the income the property produces?

It sounds like your goal is cash flow, along with the ability to snowball into further investments.

I’m looking for good up in coming neighborhoods (C+\B-) that offer the ability to cash flow.

Check with a local attorney in the jurisdiction where the property is situated to determine whether you are entitled to deduct "cost of reletting" from the security deposit.

This makes things it easier.Fourth, and perhaps most importantly, this gave me the ability to develop relationships with many agents.

If I reduced the price to 1million, it would be almost a 10% cap rate, with leases in place, and the ability to expand and double the square footage if desired.