Upper level has world-class city view.

It's not speculation - it's a shortage of land (and thus housing) in an area that is desirable to live due to weather, culture, etc. with a highly skilled and well-paid workforce.

You'll need "business skills" ...and using your first home as "test case" is a great way to empower your decisions...even if the decision is to forget the real estate business.If you find you like this business...simply "rinse and repeat" the above process.

There are problems here on a multitude of levels, but in answering your question, the bottom line is that in any financed deal, the lender will indirectly set the value to some extent in today's market.As pointed out, many appraisers were attempting to set values according to what was necessary to make the deal happen for the broker.

And getting them to understand a sub-2 has to do with your presentation and sales skills.

The current inventory level nationwide is almost 10%.

You are in someone else's territory and need to have a heightened level of awareness.

(unless of course your entity has credit history/worthiness in which case the loan would be determined on those levels)Case in point from a person in the lending business:You need to do a personal guarantee on the loan, then move it in.

Most of us could stand to work on our skills in presenting the spoken and written word - here's a great, easy to read book that my favorite real estate mentor suggested in the past - "Eats, Shoots, & Leaves" by Lynn Truss.

I realize this may be a quite rhetorical question, but after how many years (and houses) would you say you got to a reasonably comfortable level of satisfaction where you could afford a decent lifestyle with some money left over to invest in a few more properties.