I do plan on holding the property for a very long time so not necessarily to worried about the value of the home but more the strength of the rent holding in an economic crash.

If all you need is $20K you might be able to get the appraisal waived depending on the loan to value ratio and the strength of your application.

They usually want to see your real estate portfolio and resume and or the strength of your team.

More like a yellow flag...There's no problem with a property that money can't solve (a lower price, etc) :)That being said, depending on what your strengths are, taking on big problems for your first property (when you don't have a full team in place yet) may be an even bigger challenge than it may seem. 

The cash as a down payment is a position of strength, vice the LOC which is the opposite. 

As far as strength, you just dont have enough shoring on the way up the stairs maybe. a 16' stair requires more than a stringer attached at the top and bottom to be structurally sound. 

What I found was the builder was lazy and didn't put any of the rebar on chairs when they poured the slab.... the rebar was resting under the slab and didn't provide any tensile strength for the rebar. 

It’s most certainly been a pressure filled endeavor that’s tested our strength.   

There is something they are struggling to do themselves that isn’t an inherent strength and what they need is to hire someone to take on that job.

It depends on a variety of factors, including the strength of your justice system.