Property Appraisal Help

[Madison Holbrook]

I have a couple questions specifically for this market. 

From my understanding and please correct me if I am wrong, convention banks are still hesitant to lend on Detroit properties. Most of this in part to having a hard time appraising them. 

Market Value- how do you find out a good market value for an area when it is renters or old owners who have not sold or flipped something? I was looking in a neighborhood on Zillow where not a lot of stuff had moved since 2011. The things that did were 20k to 30k, from the pictures still available were not flipped. Zooming out the next street was foreclosures and the street behind was 60's and up. I want to say it was the Oakman area. It was very block by block price wise with Zillow which for me doesn't paint an accurate picture. 

How the heck do you gauge that? Do you pass up that property because it's to much of a gamble?

After Repair Value- continuing off of above question I guess... If you buy a property cash and finance some of the rehab on a HML, is it difficult to find a bank to refinance that loan? How do you have your property appraised or do they send someone out? How do they appraise

Duplexes/Four-plexes- Are these harder to appraise or do they appraise as easily as SFM?

Cash Equity Loans- Say you do everything with your own cash. Your property is flipped, it's rented out, money in savings, cash flowing. You're ready to buy a new property and keep going. Cash equity loans …. are they hard to get from a bank on this type of property? Who has done one, who did it, what are rates looking like?

Who and How for appraising? How can one gauge for themselves in the Detroit market where the property will range when it is flipped? 

I'm not opposed to buying on the same street or at least approaching current owners to try so the whole street can improve.