The appraiser used homes that were 2-4 miles away from the subject property - in Montgomery, AL that is a long distance and the neighborhoods are not comparable.  

While with that job I had the contractor do this job because he did a few jobs on my primary and I was pleased and the price was right (based on asking around) - well no I didn't compare - and this is what I'm doing now with these other jobs to do it right.It's back to getting bids but how to choose which one - still reading on this and like with all things I expect to learn it by doing.

When I talk with friends about this very issue, I often ask them to compare the option of keeping the home to moving that equity into a better investment property.  

I didn't know what the note was, I didn't know what subject to was, or a lease purchase and how it compared to a lease optionI didn't know what a wraparound mortgage wasI didn't even know about foreclosures. 

Message me if you'd like to join or meet up some other time to compare notes. 

Take a look when you get a chance and you can use it to compare against the indy and b'ham markets as well:http://blog.memphisinvest.com/a-side-by-side-revie... 

What are the comparables caps in the area?  

I roughly calculated that It would take around $5 grants compared to the $3000 the other was going to take.

My question is, should I be satisfied with $100 per door and base my decisions on this and if it comes in higher than that's a good thing.Rick

I have the connections to search the title of the property, list the property, do comparables on the property, and also know which contractors to contact.How do I find an investor who does not have the time but is willing to put up the money?