There are to many variables in play.  

That will also play into it.

This^^^^^Unless he is loaded with cash reserves and can take a loan out based on his liquid reserves.

To maximize your investment, use financing options like FHA or conventional loans, analyze deals based on cash flow and cap rates, and network with local investors through REI meetups and BiggerPockets.Good luck!

Or, you could ask for a rate quote based on a range of credit scores and you can figure out what they'd charge you on your own.

Based on my current savings rate, it would take me about 3-4 years to save up enough for the down payment on my first investment property.

Here’s a thought:Step back and evaluate which properties, if any, are truly worth keeping based on current performance and future potential.

The assessor has to assess it based on other similar properties with their SEV.

So you went based on pricing.3.

They didn't pay for it, so they don't take care of it like an owner.Before you make assumptions about costs based on a seller's contribution to improvements, find out what they improved?