.- cancel the deal and walk away and get your deposit back, but first, confirm the language in the contract.As a buyer, you don't really want to challenge the appraisal because it's in your best financial interests now that it appraises low.

If you're in a location lacking good property management, I would recommend using a property management software that can help with screening tenants, managing maintenance requests, etc.

@Steven Graber from a numbers perspective, just make sure you're confirming your expense percentages with your market.

All you need to do to confirm that is to go see what happened over the last 4 days in the stock market to REITs.  

While out and about evaluating properties, I make use of my smart phone or tablet to make notes, take pictures, do quick calculations, etc... In addition, I. carrying folio containing paper like the MLS listing, tax r...

Simply confirming what @Hamid Sedaghat & @Stephanie P. have already touched on. 

@Richard SamuelEvery MLS seems to be different when it comes to the software they use.

I think the only other software that handles commercial well would be Yardi Voyager.

Anytime I submit an offer for a client and we don't hear back/it's turned down with no explanation, I immediately bring in that Agent's broker to confirm that this was shown to the Seller and to provide a response on record to the offer. 

I live within a mile of my properties that is short term rental and use software and smart methods to reduce the work.