The combination of cash flow (if I chose to rent), high likelihood of appreciation, and instant equity since RTR was able to use their client volume to negotiate construction costs far below what an individual investor could find on the market.

I would do it again in an instant. 

why Can't downtown San Diego generate instant cash flow?

Because, in six months time, your equity is still only 20%, which gives you no extra equity for another investment loan.My understanding is that the main key to creating instant (extra) equity which could be used for refi later is to buy for significantly less than market value in the first place.

Instant equity, good ROI, and cash flow for me... both non profits get what they want and the individuals don't have to move or accept change which is good for them.

I was instantly moved and the returns outlook laid out was exactly the kind of plan I was searching for.I look forward to meeting and learning from all of you!

It's exciting and scary to own the property instantly...especially if you have not seen it inside!

I live in an old 1958 tri-level that I bought with instant equity about 2.5 years ago.

Hello BP,Other than "scoring a good deal" or having "instant equity" in my pocket, what are the benefits of a property appraising for more than it was listed? 

I really can't see many draw backs to instant available cash @ 4% interest.