And when they do so will the appraisal values. 

Appraisal came ~10 higher than PP3.

After inspection/appraisal is done, then you do the Padsplit conversion. 5.

If you are purchasing at a realistic 60-70% LTV, i.e. your offer is 70k and the appraised value is/should be 100k, I'd just absorb it as a cost of doing business.

.: @Joel OwensAfter talking to the current lender, the plan is to do the appraisal in Feb and go from there.Thanks for helping out as always.

Most lenders will use a "Loan to Appraised Value" ratio to determine the loan amount on a refi.

FHA appraisals are very strict. 

They have almost 6 months worth of rent in savings, but their house they are selling looks like it is paid for, and estimated at $450-$500k value (redfin and the county appraisal).

My current credentials:Bachelors of science in Enterprise regulation For-profit, Non profit (Fancy way to say business law) Currently Pursuing my MBA in Finance, expected to graduate in May,2025 Appraiser Trainee License in NYCurrently Managing a small portfolio of properties (family). 

It’s a beautiful custom home, one of the nicest in a so-so Oakland neighborhood ("biggest house in not the best area").Here’s the context:- Bought in 2014 for $590k, appraised in 2022 for $1.2m.- Located in a C- to B neighborhood—close to amenities and mostly safe but not for everyone.- Converted to a rental in 2024; initially rented for $4,750/month, but tenants moved out, and the soft Bay Area rental market has made filling it challenging.