I repurposed the room to include a mud area and added wall, shelving and barn door to create a walk in pantry.

Not sure this of any use of just mudding the waters...

One is that whenever at all possible appraisers like to come in at the roundest number available, to underscore the inexactness of their appraisal value, secondly the appraisal did not adequately adjust comps for just how undesirable the neighborhood of my property was.

The first one we went to was hilarious but it was my wife who insisted on leaving when 'their old ladies' started the mud wrestling competition in a small pool they had set up.

If you buy homes in neighborhoods that are undesirable, that only attract irresponsible tenants, you are buying yourself an expense.

Even the best tenants become undesirable when they stay more than 2-3 years.

You may have to renovate a property, building maintenance fee may go up, rent will come down and vacancies will rise as the old properties become undesirable with time.

It is similar to the credit score: good points for desirable behavior and bad points for undesirable behavior.

If all I get is a construction supervisor and I'm doing the deal, I doubt I'd give any equity as I can hire construction management and a mud boss.

"Asset protection", like vitamins and the special mud from the bottom of the Dead Sea that claims to make my wife's face smoother, can be and many times are oversold.