i want to learn what i can do when a property does not appraise as well as it should. and why in the world they take whichever property they feel like to come with the number they want to come up with and completely ignore the rest.what can I do in this case.example.. bid 75.1k on a house a few months ago hoping to come a little less since THE HOUSE ACROSS THE STREET sold for 62. guess what....the house magically appraised for 76 and the house across the street was not in the report. i was ticked, to say the least!

Congrats again and hope whichever one you choose, you thrive!

Looks like whichever agent listed it listed it way overpriced.

So someone (like me) comes and fixes it up, raises the rent, neighbors and people are happy, but the people who can't afford a the nicer place (and really can't afford to move) are off to try to find something else that's cheap (thus crappy)4: "Those who can only afford $300 a month or whichever arbitrary number we are using for the sake of argument, typically qualify for section 8 anyways and section 8 pays a good amount.

The laws are changing fast and furious, but as I understand it:If your unit falls under CA rent control (and most do), increases are capped at CPI + 5% or 10% annually, whichever is lower.LA City (not county) has a moratorium on rent increases.

Talk to a title co (or attorney, whichever your state uses) to go over closing costs, amounts and explanation.

Which ever formula you decide on, it’s the one that you should stick to you for the duration of the tenancy. 

Putting an offer on our first rental property and my buyer's agent has put in the contract that her commission will be... "3% of the purchase price or the MLS listing price, whichever is greater."

However if you were to move out then both units would be rent regulated at their current rent, with only a rent increase of the CPI or 4% whichever is less.  

Which ever is greater.