@Paul Wolfson Of course $1,000/month cash flow is significant, but keep in mind that interest rates on investor loans are at or near historic lows and this is reflected in market pricing. 

If you have an SFR and think turning your garage into a studio you now have a duplex you will be bummed when the appraisal doesn't reflect that.

This is a very rough area of town and the numbers seem to reflect that.

The data seems inconsistent and some of the leases they list as comps were negotiated 10 years ago and may not reflect current market conditions.

Is this allowed/legal or are they required to adjust my assessment to the actual cost and their variance report would simply reflect an understatement every month as they simply over-budgeted for it?

What's nice about BLOC (when done correctly) is that your balance will not be reflected on your personal credit.

I would suggest spending some more time researching and reflecting on what exactly your goals are and what type of investor you are (active vs passive).

These numbers reflect once I fill it and dont live there anymore.My dilemma is the numbers arent the greatest if I get denied to make my third suit, just to apply cost 5300$.

In general, if you are planning to purchase a property using a HML, it is important to be transparent about your source of funds for the deal, and a financing contingency can reflect that.Hope this helps!

Of the 4 counties only 1 returned data that actually reflected being at least 2yrs behind on their taxes.