I have tier 1 credit and according to the bank there's roughly $140,000 in equity in my home, but my debt to income ratio is not sufficient. 

Just from a credit, income, and experience standpoint, two years in college will teach you a lot about the local market and you will be able to understand who lives off-campus and why.

In Worcester, I think your numbers are pretty close, but there are also a lot of Programs between Mass Save, and the City of Worcester that will pay for many of these things if you agree to an income restriction, or sell income restricted. 

Very informative and interesting post,I too was questioning this last week.EVERY rehabbed house around here is grey!

If you're converting to a long term furnished rental, the expectations are different and so is the day-to-day usage of your place just as you've assumed by your question about wear and tear.

But the question to ask is if there is anything new coming to those areas.

Rent income for 28 years.

Thanks for responding  Question C15 on the California disclosure form asks if there are any violations on the property (at the time the form was filled out)What is checked on the form you received? 

Great question.

Happy to connect and answer any questions you may have.