I agree @ Mike Waltman, you are in my neck of the woods. 

If this is one of many projects you're going to do, find an investor-friendly designer installer in your neck of the woods. 

I'm looking for the next investment property so let me know what the market is looking like in your neck of the woods!

They're probably much more likely to care about whether or not you're going to be a pain in the neck during the project to see if you're suitable to invest.  

Everytime I see 2 or 3 muscle or old school cars I stop and stare at them until they are out of sight, my son does it too, as does just about everyone else since they are great to look at and usually pretty loud compared to the hybrids you are used to seeing in Cali.

However, FHA will lend on the LOWER of the asking price or the Appraisal so just be aware that if you are at the high end of the market and the Appraiser (who isn't going to stick his neck out for you - he will probably come in on the conservative side) comes in lower, you are faced with the decision of completing the sale or finding a new buyer.

Let me know if your down in my neck of the woods!

If this property is here in my neck of the woods then 82% ARV isn't bad at all considering.

@Steve Babiak is in your neck of the woods and knows this issue and it has been discussed several times here.

What is happening is that I can find a good priced condo in Stamford, CT but the area is not that great, but the taxes and HOA is low as well.While in other areas, like New Rochelle, NY or Great Neck, NY, the prices a bit higher but the taxes are way up there?