This is a guess on my part:  since the bank knew that the home was going to have instant equity, they ordered the cost appraisl to make sure adequate insurance was purchased.Also agree with everyone on this thread that if something doesn't shake loose or new info come to the table, then it's better to walk away.

Hmm, let’s see….symptoms: Shakes Chills Sweats Blurry Vision Cramps Blah feelingYup, the Bigger Pockets site is down!

This is still shaking its self out with properties that have associations too. 

I really like how the multi family shakes out personally. 

When shaking a stick at Houston, you can't and chew it all at once, there is not one monolithic market or even one city for that matter.

Once you can get your head around that, the (now reduced) hit of PMI (which has been reduced .6% of the loan amount paid monthly) will be easier to shake until you reach 78% LTV.

if you work it out so that you take calculated risks and balance them with comfort and security (planning) - you will be able to move forward and do great things. 70k is nothing to shake a stick at - at 30, that's a lot more than the average ONE INCOME earner makes - i'd say the national average is 45k, maybe....take it slow - and lastly - by your last comment about your first "job" - investing is not a job and don't look at it as a job. look at it as your first "DEAL".

Search them out, and shake their hand.

As soon as you have your design info, go back to the fire marshal with your building plan before you start working on it and make sure you get at least his verbal approval.You buy investment property in a community like East Pittsburgh, you should be looking to build a meaningful personal relationship with the fire marshal and all the borough officials you can find to shake hands with, and it's going to take time.

These are all things that factor in to some degree, but how exactly they will intermingle to affect property values is to be determined:-Interest Rates & Affordability, Low Inventory, Limited New Builds, Inflation, Real Estate Tax Laws, & the list goes on.We won't know exactly how things will shake out until it's already happened.