You will pay what you agree to and no other hidden fees other than typical buyer closing costs and fees associated with your loan.

What the cost associated with contesting would be and if it is worth challenging the city of the new value. 

However, the immediate need is drafting a lease and all associated addendum, assisting in forming an entity (LLC, S-Corp), and advise us going forward as we fill vacancies.   

Contact Kim Tucker at Mid-America Association of Real Estate Investors she runs a large group of investors.

Looking for my first lot to purchase and would love the community's thoughts on the risks associated with this transaction. 

I know there are some requirements (which we meet) and additional fees associated with these properties but the price is so good even the monthly payment is worth it.

It is no one's fault but the experienced rehabber realizes this is likely and has addition funds set aside (and additional margin) for the associated additional effort.In summary there is no argument for thinking the realtor's rehab estimate is likely to be more accurate than the contractor's estimate. 

The key issue is income vs expense and their associated risks.

The Refinance loan will also have closing costs or fees associated with it.3.  

We still have a ways to go to save for other other expense associated with making a purchase but that down payment is  much more easily attainable.