>appraisal just came back for $235K when we had estimated along with our real estate agent an ARV closer to $340K based on comps. in My market the refi appraisals are more conservative than appraisals associated with offers.  

So far based on quotes I've been getting, installing electric wall heater is significantly cheaper than HVAC quotes.

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Assuming the property’s value is $280,000, here is a breakdown of the approximate upfront costs to buy residential real estate:Down payment at 25%: $70,000Closing costs at 5%: $14,000Home inspection and appraisal: $800Contingency fund based on a monthly mortgage payment of $1,300: $7,800Therefore, to get started in real estate investing, you would need around $92,000.

This is where a scheduled or program-based approach comes into play.What Is a Scheduled Insurance Program?

Based on the results, you may want to renegotiate with the seller if repairs are needed or confirm the buyer's interest if the property condition impacts the deal.

Build an Exit StrategyBefore closing, have a clear exit strategy in place: Flip or Hold: Know whether the deal is best for flipping, holding, or renting long-term based on market conditions.

Contingency based that you guys have used in past or recommend?

Here are a few thoughts based on your questions:Markets to Target: I’ve found success in Detroit, where the rent-to-price ratios are particularly favorable for cash flow.

Many DSCR lenders will base the new loan from the ARV after zero or 3 months.