@Chizitem Ibeneme Call local property managers in the areas you're considering for the most accurate info on rental rates.

I see so many people who don't understand what they are bidding on.They don't do the research, they don't drive by to see that the Google st view is not accurate and they put down a bunch of cash on a bad property. 

From my understanding you cannot place a wholesale contract and have no funds to complete the transaction using only the buyers capital.is this accurate from your experience or is there anything missing?

If you can get it built/sold in 12 months and are accurate with your ARV the underwriting looks decent.

In the Reno market, we have access to hyper-localized and up-to-date rental data and local knowledge of different areas, providing a more accurate picture.Remember, buying real estate is a liability until you sell it, at which point it becomes an asset.

I would suggest maybe seeking the assistance of a real estate salesperson who could give you accurate market comparisons for the area, add to the description, and most importantly, take photos that will better highlight your property. 

Assuming that this market will rise to the level of "everywhere else" and not inflate in relative lockstep with other markets may turn out not to be an accurate assumption.  

At least that way you'll get a pretty good idea on whether the original valuation is accurate or not.As for what to *do* with the valuation: @Rui Dias Costa took the words out of my mouth :)Sidenote: Are there any chances to add a significant amount of value to the property (e.g. another bathroom/bedroom)?

I recommend requesting a review or a new appraisal that compares your property to similar multifamily properties in the area to ensure a more accurate valuation.

If this is accurate then in my (non-attorney) opinion, this is a clear "no-no" and a violation of the SEC rules/securities law.