Thanks in advance.KayAssuming your debt to income ratio is actually being calculated correctly and is still too high then a debt service coverage ratio (DSCR) would be your best bet.

If your going to buy these assets its UP TO YOU to have your PM and Pay your PM for quarterly inspections and then fix what is needed so you dont end up in this situation.. but of course if you did that its going to hurt your perfect calculated 9% return.  

After that we started learning about the Cap rate and NOI how to calculate those.

Most lenders, including us, will do the lesser of the purchase price ($1.095M here) or the appraised value as the amount used to calculate the LTV.

@Paul Caputo While I don't disagree with your points, at the same it doesn't make you an uninterested party in evaluating KBKG calculator.

I do think a clearer visual on these metrics would be great and clear number comparisons, as otherwise I have to do calculations myself and go back to pull up the initial offering memorandum to compare numbers.

I think you hit it on the head - depleting your cash is, in my opinion, a calculated risk worth taking due to your savings rate.  

Make sure you get them to calculate your water demand,  you don't want undersized pipes at $8k cost. 

I'd run a leveraged return calculation on your existing rentals and compare that to your current yield. depending on the cost of funds- it could really be worthwhile to use leverage wisely

According to my calculations the raw CoC (20% down) is 8.28% Several questions:1.