I think you are splitting hairs and focusing too much on a literal, rather than practical, definition of "appraisal."

Last time I checked 1/16th of an inch 'out of level' over 10' is considered 'level'Example 2: Hair line cracks in parging are acceptable.

 Great subject, when you gray hair the $1,000,000 is more tempting of course.If I were in my 20's still take the $1,000,000 and triple it in 10 years or less.Great subject!

Just be glad you didn't buy a restaurant, hair-dresser, or other non-essential business right before this Covid-19 scare.   

You can discriminate for body odor, facial tattoos, and even hair color if you choose.

You need to CAGR-ize your numbers in part 3.At 60% appreciation over five years, your growth is a hair under 10%.

The hair salon on the first floor was totally intact, including supplies the owner just left... we didn't buy shampoo for two years. ;) I choose to put in more because it was going to be my personal home.

If I were starting over I would comb the forums and make a list of place names that you see repeatedly showing up.

Read books, watch youtube, listen to podcasts, attend open houses, comb through zillow to learn about your local market.Successful RE investing depends on you knowing more than the broad market and being able to find market inefficiencies.

Cat hair was everywhere.