But the buyer could ask the appraiser to consider an adjustment if you have solid data that wasn't considered that should/ could have been.  

I think anyone would consider an offer at appraised amount to be reasonable.

Because of this particular aspect, many consider an LLC of little value for asset protection for investors.Even with that disclaimer, an LLC can be an important part of a good asset protection plan, as is adequate insurance.

(Some financial institutions may consider an option with 5 or more renewable years, a mortgage-and you could score a loan for the property when presenting your lease-option to the financial institution.)Continue to research real estate contracting strategies. 

I use Chase, too, and I'm surprised they would consider an investment property at all.

Define your objectives, develop a plan, work it, and once you have some success then consider an entity.

Also know that C-corps are double taxed... you might want to consider an S-corp or an LLC.  

I consider an emergency to be something that renders a unit uninhabitable according to state law.  

Id consider an LLC or some corporate form as well. 

Consider an FHA loan where you only have to put down 3.5% or other means of putting less than 20% down for owner occupied and avoiding PMI if you can.I personally love saturated markets because they don't allow you to add to the inventory easily which can dilute your investment over time.