Those two hypothetical fourplexes might appraise identically, but a lot of people would see solid value in getting to do their own tenant screening and include provisions in the lease that are important to them, since $6k might very well be less than the all-in cost of a single eviction, or remediating damage from a meth lab, etc.It's also possible the appraiser screwed up, and if you think that's the case then you'd be wagering another appraisal fee on that.

I guess because it's so recent and fresh, and because REI has become a trending career so the majority have joined in since 2008, everyone is interpreting 2008 as a typical cycle.I'll wager the bold statement that we have at least 5 years of reasonable appreciation.

Would anybody like to cover this wager?

Depending on the condition and size of this, I would wager your reno costs are at least 50% off...meaning your margins on this deal are disintegrating if your ARV is only $226k with a $150k purchase price.

Hard to quantify but I'd wager it's more than paying a PM 10% a month.

In fact they can thrive.I wager this recession will be caused by the (lately) non-stop talk of recession, which will erode consumer spending which is the life blood of our economy.

I've looked on Zillow at homes in the neighborhood and most seem to sell between $240-280 (depending how desperate the owners are I'd wager).

However, once you become a repeat client and s/he knows your word is better than the average investor, and you're making >200k investments with a 3% commission, I'd wager they will go above & beyond the normal call of duty to feed you deals. 

If you sent me a reduced offer based on previous unpermitted work, I'd just laugh while I review the other six offers on my property.I'd wager that over 70% of garage conversions weren't done with permits.

On the scale of 1-10 for passiveness, I'd wager about 7