I finally decided that it is time to come see what it is all about! 

If the comps truly support $280–$290K, the appraisal might not hinder your final sale price, but it’s critical to prepare for hiccups.

I will highly appreciate if you could review the final numbers before i share them with potential LP's.

Finally, I might be novice to alternative investments but to your point, I believe Norada just ran into an economics wall and lost its ability to meet obligations.

The bank would still want to know about the commission to include it as an expense on the final closing disclosure.All the best!

. :)   I'll likely do the HELOC and not worry about the extra taxes on gains over $500k when I finally do sell someday. 

Get the inspection but remember they are looking for hazards and not considering what repairs will do to the final value or monthly rent.

Starting with Non-Performing Loans, Performing Loans, and finally investing in 3 different note funds.  

I’ve been thinking about getting into real estate investing for years now and finally feel like I am at a good place financially to start making moves.

Quote from @Jimmy Wellman: I've looked online for some information about the average % of the final home price vs. the price you purchase the home for and found that the home should be purchased for 70% of your home's final sale price.