I realized about halfway into my career (a little late, but better than never) that the government is giving me money for shelter and I was just giving it to someone else with no return, so I decided that I would buy a house at all my duty stations from that point on.

The catch is the PMI which sucks but it still results in higher cash on cash return generally.

Could you get approved for a conventional commercial loan for a small apt property if you only had roughly 20k on your tax returns but have an excellent credit score, $0 debt, real estate owned free and clear, and cash reserves ?

in his pro forma he shows this property at a 20.87% cash on cash return based on his assumptions; however, when I run mine I'm getting 7.91%.  

It makes it super easy to just punch in the numbers quick on a property and get a decent look at the returns and make a quick yay/nay.

I'm 32 now and think it will be easily attainable.

However, I am not clear about the idea of "the more equity you have, the less your return is."

But they don't ask for Income Docs/Tax Returns/4506/Employment, etc.  

If their demand goes up, then the prices go up and your percentage return goes down.

Something like (profits)/(ideal return on investment) ex: 1600/.08=20,000.