They all have their own methods and some different software but Statute 197 governs the whole process.

Probably not a perfect method, in fact I know it isn't or I wouldn't have trouble with construction people on a weekly basis, but at least it's usually other problems like shoddy work or not showing up when they say they will.

The bank likely will not use this appraisal and will require their own, but that doesn't mean you can't provide a copy to their appraiser as a reference, assuming you like the results of course.)There are three different appraisal methods:1.

Sounds a lot like a foreclosure defense attorney I met with years ago who "Had the secret method" to defeat banks on the SOL in FL when that delusional theory was in vogue....absolute crap, as it turns out.

The value created by your business can later be sold if you ever decide to transition to REI full time.Real estate investing is a capital intensive business and until you have significant cash on hand and a method to generate more cash, your real estate investing will be stalled.  

I work full-time as a print group account executive; the less sexy version is I sell copiers and printers.Currently, my September goal is to be purchasing my first multi-family property with the intention of house-hacking and using the BRRR method to propel me through my 12 month goal. 

"Lesser of the two methods" logic applies.

We've seen a decrease in our direct mail action from sellers, so are exploring what that next method may be.  

So what is everyone preferred method...

Obviously, selling it would be the typical method.