@Rene Brodowsky appraisers, like most workers, will take the path of least resistance if allowed.Appears they are using an AI system to valuate your home.As suggested already, you may want to request an actual appraisal, which you will have to pay for, and send your own comparables to Huntington Bank to try to guide the appraiser.Otherwise, you may need to try a different lender.

I purchased the project mid flow for a discount and completed it with the builder.The Appraisal: The 2025 property tax appraisal we received went from 1.66M to 2.43M (46.4% increase).

So I had an idea to get a loan from a Private lender for 400K (just under the asking price of the home) this house is already appraising for over the asking price but need some TLC.

The man selling said he knows he will lose money on the deal as the property already appraised for $560,000 but would love to get a young investor like myself into the game since his son did not end up sticking with it.

Unless you somehow manage to increase the ARV of the properties by like 50% each, within a month of purchase or something, and then instantly refinance and move on to the next one, which also appraises 50% higher than purchase almost instantaneously, allowing you to keep the refinance-out train chugging along, I just don't see how this pencils out.Can someone who has a better eye for these things spell this out for me? 

The most recent appraisal values the property at $55,000.

The second best comment which I also love to make but someone else beat me to it is how an appraiser values the property which is comparable sales in residential vs the income approach in CRE.

One was appraised prior to construction at $540k and its been on market for 5 months at $450 and not moving.

I will give some example numbers, and please let me know what you all think.Perfect scenario example :Buy a property for 80k, put 25k into rehab, and it appraises for 150k.

Still holding the property, but it will appraise for more than I paid for it.