It's really just common sense plus a few assumptions.

So thats where i got the 50% assumption, its a ball park but thinks can make it higher but for this size property with a couple vacant and the lower lot rents, 50% or higher is probably realistic. 

Thanks for the comment - this is along the lines of what my initial assumptions were.Lots to do before making that decision though........

Discuss.Edit: I suppose I should mention a few other assumptions: 1) That you've put down 20% and aren't paying PMI.

Anyway, I'm probably the 1 in a 1,000 weirdo who makes those (likely unwarranted) assumptions but I can't help it.  

It is from a large bank.Currently, I don't have a mortgageScore 780Property Gross Income: $26,400Assuming 160K appraisal, 30% equity: DCR 2.5 Cap Rate 10%, Cash on Cash 18.25% 5% vacancy, 10% reserveLoan Info115K cash out4.85% no pointsChicago, ILFixed 30 years, investment, no prepay fee, conventional,No assumption, trasnfer service.It doesn't indicate underwriting fee. 

This is what you need to hear, not what you want to here: Unless something that you couldn't have foreseen comes up, that you can thoroughly document, operate on the assumption that you risk going onto one of the institutional and extrajudicial "do not lend to this person" lists if you break the rule without paying the mortgage back in full (by refinancing, selling, or writing a large check).

I'm making some assumptions for sure.

sorry for the assumption.

I was told by my agent that one paid full ask price and the other was a cash deal, but not sure for how much.Based on that, my assumption was that these were all priced appropriately so I made an offer.