Quote from @Penny Wilkinson: How are appraisers approaching value on multi-family when there are extremely limited comps available?

This normally would not be an issue but the cost of the water/sewer is extremely high in this area and specifically because the meter is a one inch, the costs are much higher than a normal 3/4 inch on a non-duplex. 

This property gives me significant income, so losing it would be an extreme loss.

Hi @Charlie Green, I am extremely interested in hearing more about this strategy.

Heya Ethan.I've completed 7 secondary suite renovations/developments now and it is extremely difficult to do a true BRRRR where you pull every dime back out again after you refinance.

Don't you think 75/25 to the gap funds investor is a bit extreme?

I have never been disappointed and have actually thought he pays an extreme amount of attention to my needs for the price he charges.

One possibility is building a duplex in Peoria, while it's not the best rental market, getting a duplex at a possibly much cheaper price than market value is extremely appealing.

I'm sure you're well aware that it is extremely rare for a lead to want to transact immediately.

We were extremely hard pressed to find a painter to do this which is why I said I could do it.