The area seems to offer (almost) everything we are looking for to raise a family, be active, eat healthy and still have somewhat affordable real estate.

I’d squeak by and repaIr until you got a healthy reserve to cover it plus any other unforeseen expenses .

It looks like I might be facing eviction of 2 tenants right off the bat, which would drop occupancy down to 33%, at which point it would flow cash-negative.The units are completely renovated with all new appliances and HVAC equipment, and fully occupied the property has a healthy CAP rate, so this would be a great deal with some redirection.

Most early investors underestimate costs, so knowing that your property has healthy cash flow will protect you from what you didn't consider.

We are $700/month positive on the rental we have, and are on a good clip to be able to have a healthy down payment on a house a year if we stay around the $250k mark.  

Between Sanford airport, the Sunrail, and Halifax Health, I think growth is going to be inevitable along that roadway.Right now, the majority of new residential construction is being done by D R Horton.

There may be some type of easing requirement if your tenants have occupied for 6 months/1 year and so forth, but it may sound like you may need to go through a lender that focuses on asset quality meaning as long as you have a healthy down payment the asset is worth lending on.  

If the property cash flows at a very healthy level, this may not/should not matter.

Sure the Realtor may be a liaison between the two parties and they may interact but in no way shape or form do the two work for one another....Appraisers in this environment seem to error on the side of caution based on what happened in the past it seems...As a result unique properties end up suffering because the value isn't in black and white and the appraisers aren't as creative/adventurous as they once were in a different era..Good luck but I agree with the majority, if you still have a healthy profit go for it as if you roll the dice the appraisal may even come in lower next time..best,Chris

I'd put down a healthy down payment on this property - 30% + to create extra cash flow.