you need 10% of that amount to truly cover any appraisal shortfall.I would exercise EXTREME caution and consider re-evaluating.

This is all an exercise in figuring out how to finance a project of this magnitude as I know its extremely unlikely.

Mine came up about 40% short.This is not a fun exercise.  

Normally I wouldn't go for such a big deal but the way I see it is if I try I can at least gain the knowledge through the exercise. 1st question: this property could be anywhere in the 1.1 mill to 1.3 mill range.

Being a long term landlord (even with a property management company) was an exercise in mental resilience, one of which I care not to repeat.

Yes that should be an option that you can exercise.

You haven't dribbled a ball, practiced lay-ups, or even exercised in the last three years.

According to him, exercising your "idea" muscle is like any other muscle in your body.

Add this exercise to your daily deal analysis practice. 5. setup subscriptions for small multi’s above 3,000sqft with Zillow etc to see what hits your inbox and keep running the numbers6.

The potential buyer (you) under contract has the right to exercise your contingencies and drop the contract, at which point if I have other offers, it would reduce time on market.