It honestly looks right now is a great time to build capital and wait to see what the mark will do after all of this corona business.

I appreciate your honest response.

If it's a decent place and you're honest in your advertising, in-person showings are less necessary.

I've learned that it's great to really pick and choose your customers and honestly alot of small landlords aren't the best customers.

Furthermore, I'm partnering with my mom (an aspiring RE investor herself) to fund the downpayment, closing costs and rehab.Below are the quick and dirty facts going into this (w/moderately conservative estimates for rent, ARV, etc. and honest opex's). 

It's mispriced, anyone's guess if via honest human error or intent.

Honestly, I'm not following your logic.

I would honestly wait until the markets see an upward trend to grab your project or else you could be caught in the middle with monthly payments with no cashflow to pay them. 

I did that so that I could have my demo permit in hand after closing, for example.In your case, I honestly find it odd that your lender finds an issued bldg permit sufficient to provide an increased ARV.

Not complicating the transaction, just trying to get a straightforward answer to an honest question!