Someone will need to take the time to help him draft a letter of explanation for items on his credit report.

Any explanations for this or ways to bypass it?

Thank you @Denise Evans for this thorough explanation as I hope to use the courthouse steps auction to get another property here in South Alabama.

It is all about understanding these three diciplines: 1 -  strategy (planning), 2 - Geographic markets (micro) analysis, and 3 - understanding how Money Works (cash is a verb).  

@Brian Cornick ok, thanks for the explanation on the broker item.  

Thanks Cody...I really appreciate the explanation.  

@Scott Ellis Thank you for such a thorough explanation of what actions you took and how those actions fit within your greater plan.

Sometimes a realtor will have firsthand knowledge and more in depth of transactions than an appraiser.If an agent only shares data that indicates a higher value then you could see an minor increase due to the information available.My advice is that if you know the market- both geographically and by product type- then you don't need an appraisal.

You are young, and if you get into a longer term deal that will cost you money (*note 2) if you decide to follow your career (without regard to geographical commitment) over the next decade...

The explanation of the network of associations in my area also helped in my understanding.