Due to the fact that it's owned by an LLC and asset and lending is based off of the property's rent roll, it will be eliminated from your debt profile and then you open up room for another acquisition.

I will definitely get my profile up to speed and start using this forum often.

I have numbers on my deals in my profile.

The current rent is $595, a house of similar profile about two blocks away is renting for $750 so I believe the rent is low currently on the property we are looking at. 

Go to a market with a great profile for property investment.

I invest here because the area has many, MANY, micro-markets where the deal profiles align with the criteria needed from my REI Plan. 

Reduces your risk profile by spreading out your holdings geographically.

@Vee Dee - I don't know what the rest of your financial profile looks like so it's hard to answer. 

John did a good job answering, and just to add on, LTV can vary from 60%-75%, just depending on the full criteria & buyer/deal profile.

Ps fill out your profile with a town, photo and short description about yourself & foals