All is not as it seems over there, so you need to really understand before you dive in.The Bishop Arts district is close by.

I didn't realize my inclination to do things my way, which doesn't really work in corporate America, is EXCELLENT if you want to charge ahead of the pack.

@Zach Schwarzmiller is providing excellent info about the area.

FYI the lots are on a block that has all mobile units on it, the lots have excellent mountain views with a park across the street.

I second @John Rooster's reply, but @Scott VandenBerg please share the seeds of this excellent idea.

High Rental Yields Available For Your Investors and Excellent Commissions For You.We have further reading for you, if of interest - http://northdakotadevelopments.com/landing/agent-opportunity/

Everyone here as EXCELLENT points.

Take the high road and let it go, at the same time maintaining excellent communication with the seller.

So do not think that your 1.25x on your excel will be the same at the lender's 1.25x as they may be using 5% vacancy, 10% property mgmt, and other adjustments that you did not.On the residential front, as mentioned before above, its pretty black and white you either use 75% of gross - PITIA  or you use the tax returns income.Let me know if that helps.

I think @Ibrahim S did an excellent job explaining Irvington albeit perhaps with a bit of sugar coating for a first time investor.