SO I have to have a justification for engaging in the transaction.

What was the justification in the addendum?

Keep in mind that the money dictates the terms and it’s up to you to clearly explain the value add you’re bringing to the table and a justification for your fees and equity.

As high as the prices are where you are, this is not a clear bargain at 105K per unit - Two of those are 1/1 which are more difficult in terms of long term occupancy.Be mindful of Insurance costs which have ticked up esp. since Irma, your loan may require full endorsement for Wind and Flooding.I would estimate all your calculations from the Rental Calculator in the BP Tools section, try running a number of scenarios rosy and pessimistic – you may be using these as ‘justification’ with the loan officer you finally work with, everything is a negotiation!

How do those that invest in new cities without having grown up, lived in, or in some cases even visited, find justification in their investments?

His justification is its improving my propertyThe tenant has a 5yr lease with options to renew, so its unlikely I would see any benefit as is to the improved property anytime soon.  

I make sure I have a very complete package for them with all of the comps and justifications of adjustments for all comps along with a list of "capital improvement" I will make to the proeprty to reach the ARV value.

Since you probably paid much less and have fixed up the place, the new lender will want to see a justification for why the new appraisal is so much higher than what you previously paid.

Tommy,What I always tell my partner/husband is that it is easy to come up with the reasons or justifications on why not to set future goals or take that next step forward. 

It's nothing but a phrase used to validate the contract,saying that there was a financial consideration along with outher promises made by and between the parties that have not been stated in writing, as well as those stated, so that in the event of default by either party, there will be justifications for any damage claimed arising from the default.