Are you basing your under market on the inclusion of utilities or  are you saying under market rents plus recovering costs of  utilities included ?  

I lost my 401k,  28k and never recover it.  

I suppose if you paid less than a couple of mortgage payments for the loan you are good, otherwise you have barely scratched the surface of recovering your funds.

Replacing an air conditioner could cost you 3 years of cash flow to recover.

Since that did not happen, I am in the tight here, but do have to take done steps to recover it.I will be having a conversation with the list agent and his broker tomorrow and see how far the conversation gets me.

There isn't a lot of cash flow in it, but it has allowed me to build equity as the real estate market begins to recover down there from the recession.  

The Mortgagee, per the security instrument, is allowed to include those arrears and advances made when finalizing the total amounts due under the note which is subject to review and approval by the system thus recovering those dues from the property at or from sale.   

If you were coming in as a financed buyer, then yes since the appraisal being low prevents you from getting financing.If you were buying this to cash flow (although I don't see how with that high of a purchase price), you could still just buy it if you can come up with the cash difference and the cash flow recovered your cash in (in this case $21k) quickly.Joe VilleneuveREcapSystemA2REIC

Truth be told, friends and family members don't like it when I walk through their projects of doing these things as my I have a concerning tone of the amount of money they spent and whether they 'truly' recover or if it simply some offshoot to ego.

A property manager will simply have to charge a higher monthly management fee to recover the costs and the owner will have to charge more rent.