In some cases, if the ARV is outlandish or the change in value is rapid and extreme (ex: purchasing for $100k last month, appraising for $500k thirty days later), it may need to be supported by a CDA or evidence of repairs/upgrades. 

Talk is cheap.So my last purchase (Dec 2031) was the extreme negative cash flow.  

BUT, being sued, and loosing is extremely rare if you're reasonable careful.

That's extremely helpful. 

You seem extremely confident in your initial claims, take me up on it.Either way, I do appreciate the honest feed back on my posts from both of you, I understand that NY is one of the hardest markets to succeed in, but I am a firm believer in the Stockdale Paradox (Jim Collins, Good to Great).Best,-JonThis wasn't a back and forth.

I think this is extreme price gouging, especially since we did not agree to pay that kind of money and if he was expecting that kind of money, he should not have awaited to the very end to tell us.  

That's an extremely rare opportunity though. 

To put it nicely, I would proceed with extreme extreme caution, if I were in your shoes. 

That is an extremely difficult accomplishment in the near-term.

Note local rules could be more extreme.