The under value as set by the appraisal implies that the investment capital is trapped until appreciation can surpass the negative position by at least 33% of the total value (assuming 75% LTV REFI). 

You might be able to respond that the contract implied a "reasonable time" to respond to the demand for "repair, or terminate contract." and "reasonable time" is influenced by when the closing date is.

Hi Ben,As you implied in your questions, a change in your RE investing direction will result in a learning curve: the nuances of the new market / sub-market, the day to day interactions with the property management company and maybe the specifics of the new type of assets you invest in.

Without implying any prediction or forecasting, it is possible for even someone doing everything right to suffer large losses during a recession.

What could be the outcome if acceptance was implied?

That implies you're collecting $1618.80 in rent per month. 

Maybe that was implied...but thought I would mention it just in case.  

Unless you're willing to do 90% of the work Yourself I doubt if these make money ....at least probably  not the kind implied ... particularly in today's economic environment .

This implies that properties that used to be good BRRRR properties typically are better flips and I do not do flips.My conclusion is in my market I believe that it would be a very rare property that should be Brrrr over being flipped.  

This implies that cash flow has increased close to $500 on the average SFR.