This assumes the estate doesn't have other debt issues and that the executor won't have to sell the property to pay them off.Get some more details about the lien and find out if it's really "attached".

How can I calculate DSCR and CoC prior to making an investment if i do not currently have a loan on the property? Don't I need to know exactly what my loan will be before I can calculate this accurately? I have not ...

A good debt guarantor3.

ManuelManuel, keep in mind that me living there will completely eliminate my current rental expense, which is closer to $1500/mo.

Price: $75,000Equity/Down payment: $20,000LTV: 73.33%Monthly Rent Income: $1,150Yearly Gross Operating Income (accounting for vacancy loss): $13,000Taxes and Insurance (yearly): $1,500Yearly Condo Fees: $3,600Misc Yearly Maintenance: $600Yearly NOI: $7,300Yearly Debt Service: $4,500---YEARLY BEFORE TAX CASH FLOW: $2,500CAP RATE: 9.73%ANNUALIZED CASH-ON-CASH RETURN: 12.5%What do you think?

If they're not willing to that is a also a huge red flag.Overall, I believe if a borrower focuses on obtaining a level of comfort that is based on knowledge and transparency first and foremost that that can eliminate a lot of the riff raff.

I do my "auto-debt" on excel.

The whole time you're paying off the contract, the property is open to all kinds of debt.

I have a question and am looking for some feedback (advantages or disadvantages).I am 29 years old and have no debt obligations.

I think more of what you are asking is how the occupancy level and accuracy will affect what kind of loan you can get and how much you will put down and how much the debt service will be.A regular lender at 90% occupied maybe 6.5% fixed at 75% ltv.If you get into value add deals you will pay points and a much higher rate to fund and lower LTV.You will then need to refi after stabilizing about 1 year out.So you build the carrying costs into the amount of time needed.The books will determine the verified income and actual costs.From there you run your desired cap going in and that tells you around the price you want to pay.Now if the books are out of normal standard margins you have to ask yourself why that is (deferred maintenance,undisclosed credits to tenants,disguising fees paid to themselves in other line items,etc.)