Over the years, I have 1) invested heavily in education (underwriting, financing, market analysis, asset management, identifying macro/micro trends per market, etc), and 2) developed strong relationships with a network of accredited investors who are interested in diversifying and jumping into the multifamily space.

This is also gonna depend on how strong the buyer is financially if its even possible for them to pay the difference.If you get multiple offers on a sale in the future and the price goes over asking, make sure the offer includes some type of language waiving a portion or all of the appraisal gap.If you tried to fight the appraisal already and didn't get anywhere, you don't really have much recourse.

I am aiming to keep this long term.I plan on asking for repairs but I strongly doubt I will even get a discount.  

Since you already have significant equity and savings, you’re in a strong position to get started.

As Tanya mentioned, the market is going strong here in Spokane, but there are definitely deals to be had.

Love that you have a strong network - that will definitely help you throughout this process.

While property taxes are definitely higher here, many investors are still drawn to the state's lack of income tax and the strong real estate market.

Turning a $55,000 purchase with $65,000 in renovation costs into a property now worth $140,000 shows strong value creation.

You've definitely noticed a big perk of the area—rents are strong compared to the relatively affordable home prices, and that's not something you're imagining.

Building a strong team—like a trusted realtor, lender, and eventually property manager—will definitely help as you scale.