If the calculation is equal to 1 then you are not making money, 1 represents that you have enough cash flow to cover your dept. less than one means you were not making money and greater than one means you have a cushion and making money. banks look for above 1 because they want to make sure you will be making enough money to pay them back and that you will have the money should costs rise and change your NOI, I know my bank looks for 1.25 DSCR . usually they just do not look at the properties, they will look at your personal situation ( credit card dept, alimony payments, medical payments) especially if they want you to personally back up the loan. there are a lot of explanations and probably better than i explained, all you have to do is look up DSCR, hope that helps.

City and County have no geographic restrictions within those boundaries, but if within Chicago limits you cannot participate in the Cook County program - must go Chicago. 

(I am okay with that explanation)I contacted the company that opened the 401k and they stated that the company I opened to that the 401k was through needs to create a 1099-R.

     I'm doing really well in areas around the greater Palm Springs area but am feeling a little concentrated, would like to diversify geographically. 

I've read that lease options can vary geographically, so I was curious if anyone is actively using this strategy near Minneapolis?

But there is no reasonable explanation why I am selling for this price except comps. 

I will have this conversation with our lender.And @Sung Park your explanation makes perfect sense.

Newbie here.I have been seeing this a lot lately on the county qpublic. These are in an apartment complex where I am looking at a particular unit for purchase. How can a property worth $40-$70k sell for $99k? They hav...

Hey @Dave Foster - Thanks for the detailed explanation! 

There is no explanation, cost sheets, whatever.No one gets a breakdown of gas prices, toll fares, FDA inspections, water costs, tax rates, and all of that when the cost of hamburger goes up.