Finding off-market deals and putting a fair bit of work into them.Our typical deal today we're doing goes for a purchase price of around $50,000 - 60,000 and will require $20,000 - $30,000 in rehab.These are general averages, of course.Then you're seeing appraisals in the $90,000 - $120,000 range. 

Hence the important of an MAI Appraisal

Our only debts are a 2.875% mortgage with a balance of $124k only paying $897/month on an appraised value of $325k, daily driver car of $370/month, and use a credit card for monthly expenses, but pay the balance off with every pay check.

We offer DSCR loans and have an established network of appraisers in the area.

The time for them to negotiate the price was when they got the appraisal done-they didn't, so too bad.Two choices-take the $5K and relist with a new realtor or negotiate with them for the $24K they are short. 

As part of the short sale process, the lender will have an appraisal/BPO of the property to determine its current fair market value.

If you are getting financing, the mortgage company will need to walk the property for an appraisal.

You then place a tenant in that property at $1250/month and the property appraises for $100k.

Unlike true multifamily, meaning the county or city has the property categorized as multifamily, you can't use potential rental income from the additional units to help you qualify (if the home is single family per the appraisal, that is).

So I wont say not to buy cause I have and it has paid well but getting anything appraised is PAINFUL.