Their explanation here is that the insurance is going to negotiate this number down so I don't have to worry about it.

Contact the seller before last and get their explanation on why they sold it.

I've spent all day on the phone with a variety of professionals, including the IRS, CPA's, attorneys and SDIRA custodians, who all have all given me different answers to that same question and most with different explanations why or why not.  

@Upen Patel Great, thank you for the thorough explanation.

If the calculation is equal to 1 then you are not making money, 1 represents that you have enough cash flow to cover your dept. less than one means you were not making money and greater than one means you have a cushion and making money. banks look for above 1 because they want to make sure you will be making enough money to pay them back and that you will have the money should costs rise and change your NOI, I know my bank looks for 1.25 DSCR . usually they just do not look at the properties, they will look at your personal situation ( credit card dept, alimony payments, medical payments) especially if they want you to personally back up the loan. there are a lot of explanations and probably better than i explained, all you have to do is look up DSCR, hope that helps.

(I am okay with that explanation)I contacted the company that opened the 401k and they stated that the company I opened to that the 401k was through needs to create a 1099-R.

But there is no reasonable explanation why I am selling for this price except comps. 

I will have this conversation with our lender.And @Sung Park your explanation makes perfect sense.

Newbie here.I have been seeing this a lot lately on the county qpublic. These are in an apartment complex where I am looking at a particular unit for purchase. How can a property worth $40-$70k sell for $99k? They hav...

Hey @Dave Foster - Thanks for the detailed explanation!