@Jonathan West, I have no idea what Nevada purchase contracts say, but I'd happily share it with the seller's side after backing out.Costs me nothing at this point.Might save them some time, now they can disclose that up-front to future buyers and not waste time if the results are a deal-breaker for them too.Maybe I'll be working with those folks again in the future, either writing offers on another house they have listed or in some other capacity.The Real Estate Gods ensure a Karmic balance to the force, so I'll take any free Karma I can get.

They actively fight against appraising at a high value, and, as others have said, can be frustrating to deal with.I have seen instances where I see them do comparables 6+ months ago in an extraordinarily hot market (like Seattle recently), when obviously prices have gone up since then.

As a side note, I do not plan on becoming a hard money lender, but will selectively do up to four per year with this partner so I stay under the limit for my state of needing to be licensed as a lender.

With a history of home rehab and resale to consumers on the North Side of Indianapolis as well as a background in value add property management, I'm looking to leverage my experience as to create a network of professionals to buy properties for rehab and resale in multiple areas of Indianapolis. 

Houses in hot neighborhoods that need serious repairs? 

(south side) A good start is to obtain an inspection of the property.

My rental is on the western side of Kennedy park.

Also side note, do not be fooled by looking at the calendar dates for Air BnB properties, just because it shows certain dates as "booked" or "unavailable" doesn't actually mean it is being rented out at that time.

I too am investigating out of area properties since the market here is pretty hot.

We always start from a financial side of thing and move forward, when it's time to inspect the property we arrive with our contractors and really get cost and condition to confirm what we already expect.Good luck!