There are some hard money lenders that do not require an appraisal, rates range from 7-9%, and at 65-70% LTV.

Then, look at price range and laws/regulations and that will boil things down a little. 

My initial analysis suggests a conservative offer in the range of $3.2M to $3.35M could be justified, factoring in current market cap rates and the property's upside potential.I'd appreciate any insights on:1.

Hi Aaron,As Nicholas mentioned, there are precautions to be aware of when using high leverage. 10.25% and 9.87% is in range from what I see as HELOCs are ranging in 9's to 10's on average.

If you bought something in the under $200k range, it just won't work.

Are $4800 in lender fees on a $56,000 DSCR loan within range? 

DSCR rates are currently in the 7.5% - 9.5% range right now.

The suit does not describe too many specifics more of a broad range of things not disclosed that were repaired.

Real estate investing provides a wide range of advantages. 

The other units rents would be the only way to qualify at the $700-$800k range and then force appreciation with modernizing one of these aging properties.