You could also explain that keeping more liquidity helps you address any potential issues quickly, which benefits both parties.

He also did a very superficial rehab job, so we spent several thousands more on the unit when the new PM took over.

Completely rehabbed the home from the bottom up!

Anyway, I think @Saad D. is here on the forums and probably can address these concerns for you right away.

I agree with Afra at that price point it's best to start with flips that have $15K - $30K rehab budget to gain some experience and get a good team in place and then work your way up to larger rehabs with higher ARVs!

That is a good idea of finding a lender for the rehab as well as the refi on the backend I greatly appreciate that idea.

If you decide to self manage and want help with other functions we can totally help out.We also buy and sell real estate (candor realty), have a repair and maintenance company (CMR Construction) (includes snow plowing, lead abatement and full fledged rehabs) If you need any of those support services please let us know.

Any advice on how to address this appraisal issue would be greatly appreciated!

I am looking to purchase single families, 50k-150k in need of rehab.

I got an address for it, cleared some land and hooked up electric.