-Lease to buy @ $930,000 (currently appraised at $890,000)-2 year term with option to purchase at the end of term-Non refundable 3% option fee of $27,900 -Rent $4700/month If purchasing at end of term: Option fee applied to purchase and 10% of all combined monthly rentIf not purchasing: Option fee is non refundableSeller able to break contract anytime with 60 days notice if agrees to pay renter 2x amount of option fee.

We were worried that this could affect the appraised value and rental income.  

More information on your specific circumstance will help those knowledgable give you the best advice.I'm not an expert in the legal nuances of rent stabilization however as an NYC appraiser I have to tell you that rent stabilized tenants are a huge hindrance on the value of the property.

Assessing the portfolio's current market value through a professional appraisal is crucial.

I also have a ton of resources for investors such as contractors, property management, inspectors, appraisers, ect..

.- Appraisals for 5+ units take more time and are more expensive.

Also, is there a clause or addendum you use addressing the possibility of the property not appraising for enough when your buyer goes to refi to pay off a balloon and how the parties will continue?

They have an appraisal at $1.6- Those are some nice numbers.    

Here’s what it netted me:$52k in equity at closing: The home appraised at $185k, a full $45k over the original asking price.A solid comp for my flip about to hit the market.A happy seller who got what they were asking for and more.Satisfied buyers and sellers agents with even more commissions.Only $6k down: This is about 3% of the purchase price.I wanted to share this to help get your creative juices flowing when it comes to making deals.

Appraisal was Tuesday and back Friday at value.