If you are a "newbie," I would err on the conservative side, since there is a higher probability that you will make a few mistakes.

Always err on the side of being conservative.

This was cleared up immediately with a msg to the lender, who sent an email and requested if I could print, sign and give the attorney along with other closing documents to return to the settlement office.The settlement office somehow managed to disburse the erroneous amount, which they are saying is what they received to disburse.

@Jayson Medhurst, with all due respect, you're understanding of the "1% rule" as well as ROE analysis is erroneous and misleading. 

It’s nice to stress test your assumptions and drop your occupancy to 85-90% and see what that looks like as a worst case scenario.As far as the 80/20 or 75/25 it’s probably a lender specific question as I always err on the conservative side and avoid any surprises.

Feel free to correct erroneous thinking.So, correct me if I'm wrong, but the COCROI is the comparison number, without adding in everything else - appreciatian, tax considerations, etc, right?

Hello to all in BP Land,My name is Erron Fayson and I'm brand new to the world of real estate investing as I strive to be financially free. 

Given you said that so much of this deal's success depends on your rent projections, I'd think you'd want to err on the side of pessimism with your rent projections. 

The data listed above is a good starting point for determining the grade of an area and will help you avoid erroneously investing in a riskier area.Also, all of the metrics I mentions are from the American Community Survey and are available at market granularities ranging from the state level all the way down to small groups of blocks within cities.   

Hello everyone my name is Erron I am honored to be part of the Bigger Pockets Community and I am looking forward to being on this real estate journey which you and I wish everyone the best as we strive to reach our financial goals.