@Wayne Brooks Since I had no reference for the area, I couldn't ascertain its value in relation to its potential value.

I am just trying to ascertain if there is anything else I should be considering or taking with me for this hearing.

Have a mortgage underwriter look at the "before picture" to ascertain the potential of getting the mortgage, even with Credit Improvement.Principal and Interest paydown with some appreciation will solve some underwater issues, but not all.

You can't out smart that fact.There are legal requirements for an option contract to be an option contract, there must be a known and ascertainable value set as to the purchase price that is determined at the time the option is made.

.-0 holding costs: tenant occupied, but will verify leases if offer is accepted-0 repair cost (thus no need to calculate ARV): again, tenant occupied, will ascertain during walk-through whether improvements are needed.

With that data, I can ascertain a rough ARV for my target property, myself.

I have been investigating note investing and I am trying to ascertain the true scalability of the asset.If I am holding a portfolio of performing notes with an unpaid balance of $200,000.

BUT........FHA Loans YOU may qualifyWith FHA loans, you can get financing all the way down to 580 credit, as long as certain criteria are met.

On your own, make a quiet inquiry into the work done on your place previously and ascertain whether it was permitted or not or even whether a permit was needed.  

A proper DD would have included looking at the maps to ascertain the zoning as opposed to relying on word of mouth.