Appraisals, San Antonio Investment Property

[Patrick Ng]

Hi all, working on closing a property currently. I originally went into the deal with thought I was buying under asking so I'd have some equity in the property in addition to the down payment in addition to cash flow. I made my original estimates with comps, calculating both sale comps as well as rental property comps with guidance from my realtor.  About a week away from closing, and just had the appraisal come in , and it is just slightly above the renegotiated price after due diligence and negotiations. With this figure being lower than what I originally ran my numbers with when making my offer and moving forward, the deal doesn't look as attractive given the lower amount of equity. Anyone with experience with this? Moving forward, any pearls anyone learned about so as to not over value the property like I did when running my original numbers? 

Thanks!