There may be an occasion you lose a deal for that reason, but in my experience the seller has a reasonable knowledge of what it is worth anyway and transparency tends to build trust. 

Second position loans are particularly dangerous and, in my view, only for those who do this professionally and who can withstand getting wiped out on occasion.

On the rare occasion that he stops by when I’m doing a turnover, I’ll express my thoughts on the animal smell.

And it depends how “indoors” an indoors cat is (we’ve seen people with “indoor cats” that are allowed out on special occasions before!

We provided repayment plans on many occasions.

The average rate reached an all-time low on multiple occasions this summer, and continues to hover in record-low territory.

I can find these types of deals on a regular basis, and on occasion much better.  

Usually they lend out their own money at a shorter duration (6 - 12 months, on occasion you may find someone willing to put their money to work for 5 years but usually nothing further than that).  

I've discussed financing with the VP of lending there on several occasions.

I can't speak for other rehabbers, but I like to ensure that my properties are a little nicer (and have some appraisal-enhancing features) versus the other properties in the area.On the rare occasions I'll get an opinion of value, the goal is to determine not what the after-repair value is, but to determine what I should be doing to the property to get the most bang for my buck in terms of resale and appraisal value.I'll sit down with my appraiser, and he'll tell me what the property is worth if I do a typical renovation to match the neighborhood, and then he'll make recommendations on what I can do to increase the resale value and the appraisal value at retail, as I don't want the resale value to be limited by the appraised value.My appraiser is more of an adviser on what upgrades I should do, in addition to just giving me his opinion of value for different levels of rehab.If you want to help investors, that's what you should strive to do...not just do a standard BPO that may or may not reflect what the property will look like and that doesn't help the investor determine what renovations should and should not be undertaken.You can value the home in good condition and compare it with like comparables from around the area.