Work with a loan officer & agent to know what your appraised value is before you even do the work.

Thus, they are appraised as such - valued based off the sales comp approach - i.e how much have other similar single family homes sold for?

Do lenders or appraisers treat properties with coliving setups differently?

@Marc Shin We're funding cash out refis for a lot of our most experience BRRRR clients right around day 91 (to pass 90 days of title seasoning) where we get the process started (appraisal, title, application, etc) around day 60  (plus or minus) when they have the place fully renovated and at least listed for rent (we'll use appraisers opinion of market rent to calculate DSCR). 

Ensure the property appraises at its updated post-renovation value to maximize the equity you can pull out.A refinance isn’t a taxable event, but transferring ownership to your LLC may affect depreciation or future capital gains.

To give a good example I have a clients 3 unit property contingent 1.55 million right now sell side we actually got $150k over on a 1.4 list and appraisal came in yesterday at 1.55 million, he bought it 1.15 million in 2021 and did only new porch/decks over that time.

If the seller accepts the offer, (contingent on appraisal[as per court approval requirement]), How should i proceed in the situation.

Also depends if you are getting appraisal and what attorney charges for creating loan docs

Sometimes the recorders office may not be online but the tax appraiser is.

I started working with Sal Auciello (he's in this thread above) and we got to the point of doing an appraisal on the house that's part of the park.