You'd need to start working through a preliminary site-plan to validate your assumptions about the building area, parking ratio, drive-thrus etc.

.- It is listed on MLS and I will finance with the assumptions with 20% down at 7.5% interest rate. - I live only an 1.5 hours away and plan to self-manage. - Any other input would be greatly appreciated.

I agree on the assumption that the seller didn't change the leases after the fact and prior to closing.

You made an incorrect assumption that I was being lazy and not reading or studying how to prepare for this venture. 

Sometimes if there isn't an agent involved (or an agent that isn't properly engaged) the software will use incorrect assumptions due to errors in public record and available data. 

Pretty big assumptions being made here. 50K in profit on a short term add lipstick flip is going to be hard to find without structural or major issues.

And the gurus have just about destroyed this industry that I have been in for 20 plus years.We have closed well over 10,000 wraps (I use wrap to mean assumption and wrap) in the past 20 years or so. 

@Aqsa MugheesRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

@Abdi MuyaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Of course, the virtual numbers that the tool spits out have to be validated "the old fashioned way" by confirming the assumptions the tool is making (comps for daily rental, occupancy, vacancy rate, seasonality, etc.)