BRRRR Possible with Little / No Rehab?

[Michael Anderson]

I have a house under contract for $90k, it needs $10K (at most) rehab. $135k ARV with solid recent comps to back up. $1100 rent easy. No major changes just cosmetic updates. I'm worried the appraiser won't be in my corner being that the updates are minor.

Will they use the low sale price against me in the appraisal when I go to refinance since we haven’t changed anything major? This is my first attempt at a Brrrr, I’ve been penalized because of this on construction loans before. Hoping someone has some history with this?

Thanks!