Getting an appraiser out there in the property is always best while the property is vacant. 

You could do things like outdoor speakers, waterfalls, etc.Visually, unless you are in an HOA or other restrictions, maybe you can hedge the backyard for added privacy.The goal for most people is to keep the property, not sell.

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

What types of properties are you looking to acquire?

Based on this I am considering going naked in regard to EQ coverage for this specific property.

I have over a hundred rental units I own and operate in Utah everything from homes and condos to larger multifamily.Salt Lake County has higher property taxes and is basically built out already and Ogden even though you can find good opportunities in the long run it won't be able to compete with South Utah County or Eagle Mountain. 

The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.

I get what they are trying to do here, preserve 2-4 unit properties and discourage deconverting to SFH. 

Contact my friends at HomeHop Property Management. www.homehoppm.comTalk to Dan, they have a in house designer, who you can hire. 

This means having to take a chance and take the property off the market for 2 weeksOption 2- Accept the offer with a provision that allows you to continue to market the property, knowing that there's a chance FHA may not fund the deal.