All valid info is well appreciated.

This exercise is also valid when you see two or more properties and assign them the timeline or projection based in your own math, comparison of two or more properties, which properties will provide the optimal cash-flow.

If your state or municipality requires property managers to be licensed, that public database would be able to tell you if the name you have on your application is in fact a real property manager.Otherwise, you could contact the owner of record and just ask them if the name you have is valid.

You can always refute the appraisal value if you can find valid proof of some mis-valued comps in the report.

I don't see anything wrong with that, because you do have a valid contract and that's all you're stating.

Most of what everyone has told are valid points, keep asking around who has seconds right now and you will see the demand is quite high due to the perceived low price point, I say perceived because 2nds are not always cheaper.  

ask for a warranty deed, or contact the assessor and find out if they will cut a deal and when is the property subject to foreclosure.Are you interested in buying property in Detroit?

It’s the language we speak when dealing with other real estate professionals like agents and attorneys, and it’s full of words that aren’t in the common vernacular.Terms we use on a daily basis, like warranty deed, security deed, subject-to deal, owner financing, note and option, are often not understood by the people we are trying to serve.In order to be successful, you need to not only understand these concepts but be able to explain them in a way that makes sense to your sellers.We just did a really cool deal where we bought a house and the owners carried back the financing for us.

How familiar are you with that market, assessing the market value of the portfolio if it were sold as individual units to retail investors using actual, valid, sold comps and not the listing agent's word or zestimates?

This reason makes it very difficult to by a foreclosure such as HUD, VA or USDA using a government backed loanDeed-  I recently closed on a USDA and the ONLY way they would convey is via a deed without warranty.