Hi Melissa, I'm not familiar with what appraisers use in your area so I'm not sure this helps, but when I worked with the appraiser, I used these reports to point him in the right direction, and he would use his resources to confirm.

We are a military family active duty to reserve and now looking to enter retirement years, so we see how beneficial it is to be close to the base and those amenities.

In your situation I’d at a minimum recommend a 6 month lease if you have reservations about the tenant.

I use Owner Rez and the Schlage Encode integrates so that the lock automatically assigns a code to each reservation and includes it in the check in instructions.

It could be that the property had the lower level finished since the last appraisal was done, but the only way to get this confirmed is to have a licensed appraiser go out and assess the property in person.

Can anyone confirm they are indeed legitimate?

Thanks so much for confirming and sharing this info!

I think 50k would be for a good downpayment and reserves.

Later, and appliance technician confirmed that this was the case.

.)-- Interest Reserve TBD-- 500 Appraisal (est)-- Builders Risk Insurance Policy TBDTotal Cash to close: 29172 + 6 months payments (not in escrow but demonstrated)You will likely need to wait 6 months to refinance.