I would work with the lender and put together a well thought out Reconsideration of Value (ROV) with better comps and detailed reasoning to justify the higher ARV.There are lenders that don't do appraisals for hard money loans so you could try that in the future to avoid these situations. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

He is not financially independent, but I bet he's living the life you dream of.Figure out what you really want, then start building a plan to get there.

Id refinance, pull that equity and get something else.

I will seek out the answers to those questions as I get into this field. 

Feel free to reach out if you have any questions!

Purchase price: $175,000 Sale price: $205,000 Purchased this cash.

Every once in a while I'll get motivated to search for grants to help me expand my portfolio and add to my cash flow but I've yet to find anything nor have I heard of any success stories.

If they don’t have back out.  

LTR offers predictable cash flow, less management, and lower income.