Unless you can do some damage with about 30k which is how much you can potentially get based on your estimated value and remaining loan amount.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Honestly private money is not hard to find if you have the credit and down payment amount.

But, there won't be a bidding war and any fix-up you do will make the property worth more than what the improvements cost you (I hope.) 

Financial freedom requires a passive income that meets three requirements:Your income outpaces inflation: Inflation continually erodes the purchasing power of a fixed amount of money.

Structure the acquisition properly, proper leverage on fixed rate debt, ample cash reserves, and run the asset professionally.

Large investors tend to take much smaller risks with larger amounts of capital. 

It is now valued at about $700,000, so we've built up a significant amount of equity (we currently have about $365,000 in equity).

Does this seem like an accurate amount?

I don't know how they prepare the quote with so little amount of questions.