The information contained in this post is not to be relied upon.

In this case it might be more of a 20/65/15 to get what you need out of selling the 1st. 

You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.

In this case, buy something that needs very little work so you don’t deplete all your cash.

You make the deal, not find the deal. 

But if you're comfortable with rougher areas, then you can definitely find properties at lower prices.

Hi @Erwin Groenendijk, thanks for all the great insights you shared in this thread and others that I saw in BP forums.For context, I'm spanish but I reside in the US.

You came to the right place to learn more about real estate investing!

Most importantly, understand the difference between a business purpose and consumer purpose loan.Read my post in this thread, which details our process in actionable terms.

It is hard to pin down specifically, but that seems to have been a factor in a few of the ARV-Appraisals that I've seen and has impacted the refinancing process.Otherwise, it has been a great market for my clients, great cash flows and repeatability which has really helped as they have scaled.