Many investors don't realize they've agreed to dump more money into the syndication if it runs low on cash (capital call).

Had an exceptional outcome.All in at $450,000 and the appraised value of the property is $875,000 on the low end.

@Travis Smock A cost segregation study could benefit your 6-unit property by accelerating depreciation, even on a lower-value property like yours, especially with low land value.

However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.  

I guess I was looking at this as a low-cost of entry type of property that could provide some cashflow.

Some lenders offer this option, while others might prefer to handle each property individually.It will come down to the lender’s criteria, such as combined value, rental income (if applicable), and your financial profile. 

You need comparable sales BEFORE you spend $175 or the appraisal will come low to your expectations.

In some very attractive markets like coastal cities I can see it being worth it not to rent the unit or rent it only under very limited circumstances in the low season because the high season is just too lucrative to allow anything to affect those bookings.

You decided to invest in a property in a low income market.

Why would they make an offer for seller financing with a low downpayment but show they have $700K in the bank.