They type of stain determines the best treatment.

One thing my agent was telling me is we could waive appraisals with exception of the HUD inspector to determine the scope of work.

Of course I'd have to analyze specific properties to determine if this would make sense, but I just don't know if I'm crazy to consider selling a payed-off, cash flowing house to take on 2-3 mortgages (and reduced cash flow). 

After you determine the numbers, then think about which one would make your life better.

What you should do is Cap a stabilized pro forma NOI and then deduct the costs to get there to get to your current value based on the direct capitalization method.I would go to the OM, use the broker pro forma, and then do your own research to determine the viability of their assumptions.

It's also worth noting that assuming proper tenant screening measures are taken it's going to be the asset type and class that truly determines your tenant base, not your property manager.

A quick pm with the above questions answered would determine qualifications. 

The cash/loan balance then is determined as a direct result of it!

I always look at the time of the year to determine the length of lease.

Forget what the internet rent estimators say.