I know you're asking about whether it makes sense buying it at $850k and you're basing the calculations in the spreadsheet on that being the purchase price.

I am investor based in the Atlanta area feel free to reach out and connect.

The 1% rule is based on gross rents.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I contacted Lima one, and the same day i was issued a generic pre approval based on a bank balance and credit score alone for over $1MM, unfortunately they are not lending in IL so I will keep that option open when we are looking in other states.

Hey guys, I'm based in a very recreation-heavy area in Central Oregon. 

Limited knowledge in note investing and just invested with the company based on track record and trust.

If not, you better get that under contract immediately.To answer your question though, I'm pretty sure the LTV will be based off the lower of the appraised value or the contract price. 

I'm a newbie investor based in Atlanta looking to invest in my 1st multi-family property using the FHA/FHA 203k loan.

I'd underwrite my base case, and my price, assuming interest rates are where they are, or higher.