Any one of us could give you our two cents on the math of it, but only you can decide if it makes sense based on what your specific goals are. personally, i paid points on my house because my goal was lowest possible monthly payment.

I've never heard of this.I suspect he's using fraudulent documentation.Stick to your process.

Appreciate any tips, insights, or experiences you can share to help guide me through this process!

When that happens, it becomes a race to the bottom.I'm not saying don't invest there, but be extra cautious and maybe look for something that makes it unique.

The build process to include funding can be quite lengthy and difficult. 

It is crazy how similar my process has gone.

Quote from @Douglas Varenas: Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Just plan for reserves if it takes a year or two to break even.Take your time, do the research, and trust the process.

This can provide additional capital for future investments and get the next one.Or evaluating other loan options:Depending on your long-term plans, you could explore conventional loans or portfolio loans that might offer more favorable rates or terms with the new appraisal value factored in.Your decision depends on your broader strategy.

@Alec Jacobs you have a good process as far as making them fill out a application before touring the property.