You can also find many examples in the forums of people experiencing poor valuations due to lack of comps.

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

If you are looking at FHA because of credit score, then I would work on credit scores to qualify for conventional financing or see if you can get a very strong coborrower with high scores.  

@David Naphy With a strong credit score you can do better than 8% on a DSCR based cash out refi today. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

If Don fails to pay, the bank will certainly go after me, it will at least ruin my credit and will likely take me to court.

Ultimately it was the customer service and poor quality of my post cards that caused me to leave.

I’d hold the PM accountable for poor oversight—they should’ve been more proactive.That said, it’s also important to weigh the long-term relationship with your PM.

THANKS Your local credit union might be your best bet.

Other than paying for an appraisal or BPO (and maybe a credit report), you should not pay a lender anything until your loan funds.