But no, its not as common as the low stuff and the high stuff.

I don't know if this is a common thing, or may be it's just a pure coincidence that I came across a few times just in the last two months.When I schedule with a listing agent to see a home, and most times it's either a short sale or REO, especially a REO, the home is vacant and you have a lock box with a four digit combination code.Now once in a while I will be at the property on time and the agent's running late, and I would get a call from them saying "go on ahead, the code is xxxx and I'll be there in 10 minutes".

So I spent money and it was barely worth itThe appraisals here seem to come at fair market value when you want to buy/sell, but if you want to refinance at the same bank, they come low because its common knowledge to appraisal companies that Banks do not like to refinance in order to keep their risk low.Bought another property at 80% LTV, same thing.

In this particular neighborhood, it is common for spanish to be the only language.

I have to assume this is a common situation, yet I've never read about this.

On utilities, you also have to look at what is the common practice in the marketplace and what renters are conditioned to expect.

This is pretty common these days.Even if you keep it as a rental a loan modification might be possible. - Ned

(search here for the 50% rule) You have figured nothing in for vacancy, turnover cost, common utilities, and your insurance number looks low to me.What is the current tax assessment will the taxes go up based on your new purchase price?

An efficiency that rents for over $400 or more is not very common --unless it's in a busy and expensive metropolitan area.

Thanks for asking, I stated that they are not related, and only rent a bedroom, share common areas among them.