(For you people with Agent friends ask for ‘sold listings’) Bank appraisals are nice, market comps are better.Markets vary (as do the skills of appraisers), but I can almost assure you that an appraiser can get you a more accurate valuations every single time.

I made sure he was accounting the renovations and he assured me that was and that his appraisal was accurate. 

A detailed forensic study with a full 32 division building code tax asset detail will generally cost a bit more than a modeling or sampling study that isn't as accurate or detailed.

I would like to produce an accurate loan statement so that we can both see where things are at. 

if down the line the condo market in this area picked up".That sounds like a big gamble, right there.

I'm looking at some wholesale listings, and let's just assume the numbers are accurate for the sake of this post.

Does anyone know how accurate they are?

If you are going to be purchasing lists and spending additional funds to send them postage, the most important question should be which data is the most accurate.

I hope that's an accurate interpretation; here's my answer:1) Get to know values in your market, like the back of your hand. 

where were you when about 200 plus families in La I had to foreclose on and take their investment property from them.. its a nightmare I am not saying no debt its not realistic until you get to a certain level but having free and clear assets is a choice and no one can take them from you..I am a gambler anyway I gamble on appreciation every day.. and value add..so maybe I am not the best to have this argument with.but when I look at the truly wealthy friends I have and I mean truly wealthy  not 7 figures but 8 figure to 9 figure net worths most of what they have is paid for it not all.. unless they are in big syndicated deals.. houses are paid for second houses... house s at the ski areas the lake front homes.. etc etc.. but I guess I am just more in the limit debt camp for long term liabilities..