The borrowers pay significantly less for those appraisals; they usually lack vital information, tend to be performed to much more “lax” standards, and often lack good decision making as to comps, capitalization rates, and adjustments of value between the subject property and the comps.  

I own this duplex in NH and it's a poor time of year to rent.

I do have a lot of people who have started asking questions so I figured I would give the good and the bad from my experience over the last two years so others can make their own decision.

The previous owner made a really poor elaborated lease that looks like it is going to end in April 2025.

Consulting with a pest control and mold remediation professional could give you a clearer idea of the potential scope and cost before making a decision.

While the "type" of neighborhood can sometimes make tenant approval criteria a little more flexible, we always try to avoid making desperate decisions that could lead to future evictions.The rise in evictions that you're seeing could be partly due to landlords lowering their standards to fill units quickly, which might lead to issues down the road with tenants who can't pay rent consistently or have a history of instability.

Trying to get someone at the bank to make a decision is going to be a hard task.

So don't let that scare you again the way of your decision making.

My unit sits vacant longer and this poor family will struggle to find a good place to live.

This fast turnaround highlighted our ability to identify profitable opportunities and act decisively, creating value with minimal holding time.