Unless you know methods for extrapolating what the true market value is from being able to read and dissect an appraisal, do not under any circumstances take the value from an appraisal and expect it to be true (unless you are in an upward value market)I will attempt to quickly go over one of the most important points to reading and understanding an appraisal that should help you in determining value when negotiating with sellers.Lets take a look at a particular call that I had just today that illustrates so well what I am talking about.

love that illustration @Tim GordonAnd many of those thoughts is why I posed the question originally bc I still see and read from others stability in our market.I personally am interested In purchasing 2-5 more units over the next 2 years.

As stated above, there are way too many numbers that can be rattled off, but I’ll just attach this video which does a good job illustrating why Texas is a great place to invest for the long-term. 

I remember there was a section where the author used hypothetical numbers to illustrate this difference.

We are mainly moving because of safety concerns which was thoroughly explained and illustrated to them.

@Kyle H.It's cash-on-cash if the purchase is all cash, i.e. come to closing with $117k cash, which is what I was trying to illustrate.  

If you order an environmental and find out there was a gas tank that was never removed under your 16 unit apartment building you will immediately be liable for any damage from contamination moving forward (an extreme case but it illustrates the point). 

@Trevor Hatchard, @Jake Thomas story is a perfect illustration of how to use the power of 1031 exchanges, a lot of leg work, and creative financing. 

This list alone illustrates just how faceted the game is!

Yet, the funny fact, we applied this concept unknowingly to our first home purchase in Austin, TX.To further illustrate, our diamond in the rough set the conditions for later successes.