I've seen this systematically now particular in Philadelphia where appraisals or official Arv's are above realistic market value.  

In addition to this commercial unit, I currently manage a portfolio of five residential and commercial units, which has allowed me to gain hands-on experience in property management.My approach focuses on maximizing property value through strategic enhancements, ensuring tenant satisfaction, and implementing efficient management practices.

At this point, we're feeling uncertain.We’re seeking guidance on the best approach moving forward:1.

This is more great info to put down on my list of things I need to ask when I approach the seller.  

Let me know if you want more insights on either approach!

.* Walnut Hills: Quiet and community-oriented, great for rental stability.Areas to Approach with Caution:* Columbus: Some sections of Hilltop and Linden due to higher crime rates.* Dayton: Certain parts of West Dayton, which face economic challenges.Focusing on due diligence in these neighborhoods can help you identify stable, cash-flowing opportunities.

This financing approach aligned with my investment strategy, allowing me to begin cosmetic repairs immediately while planning for the addition of an ADU and the broader development of the surrounding area.

Many investors in similar positions begin by building a network and learning the basics, such as understanding financing options, which can often be more flexible and approachable than people expect, especially for those just starting out.One suggestion is to set clear financial and personal goals so that you know what you’re working toward with each investment.

I approached the REO bank that owned the condo complex a year later when they're still stuck with 30 units and got another one for $40K.

I live in the US and some of the questions I have involve lending options to help me out with the construction loan and approaches to managing the property as a short-term vacation rental.