My biggest two cents is no one should flip unless they are the best at estimating ARV in their room--better than the appraiser, agent, lender--when that happens, your deals will fall into line. 

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

The appraisal of our house from our refinance company came at $60,000.

Already appraised at $235K !

Here are the details of the property:Property Overview:Location: Texas2 lots, 2 warehouse buildingsFinancials:Mortgage: $4,897/month (balance: $530,000)Insurance: $830/monthProperty Tax: $1,800/monthBuilding 1:1 tenantRent: $7,570/month12,000 square feetBuilding 2:3 tenantsTenant 1: $2,850/month (5,000 square feet)Tenant 2: $1,793/month (2,500 square feet)Tenant 3: $895/month (1,250 square feet)The property was appraised for $2,200,000 three years ago.Given the current rental income and expenses, the cash flow is decent, but my family friend is looking to explore options that could potentially yield better returns.Would it make sense to:Sell the property outright and invest in higher cash-flow opportunities?

You need comparable sales BEFORE you spend $175 or the appraisal will come low to your expectations.

Is NOTHING sells for a refi appraisal price  I  mean nothing that appraisal is always high.. so when folks say hey I got a refi and it appraised at this and I now have this much equity that is also not true and wishful thinking..

I'll be happy to share my experience.Would like to learn about the sb9 lot split as well since I am hearing that ADUs aren’t getting appraised for it’s value. 

Buyers at some point will need access, potentially inspectors and appraisers will need access.Here in DFW if you have any questions or need assistance. 

If it was purchased cash you can do delayed financing immediately, but it would be based on your total capital invested not current appraised value.