Post construction appraisals for this particular model are in the $377k range on average.

So I’m under contract for this property at 106k and has foundation issues and the property will probably appraise for 160-180k.

We owe 321K and the market value is estimated between 600-700 (we did not need an appraisal for refinance).

I have talked to appraisers before they will continue to go out until they find comps that work. 

It will outline not only the rate, but all costs including underwriting, credit report, origination fee, points, appraisal, etc.  

If I was your agent I would tell you to write a lowball offer on some of these that have been sitting out there and see what shakes out,,,,,,make sure there's an appraisal and inspection contingency in your offer......If your offer gets accepted and you ultimately purchase the place then you only have to live there for a year....then simply move out and put a renter in the side of the duplex you were living in.....at that point your biggest problem will be finding another place to live.

A big holdup these days is the appraisal.

We focus on making our BRRRRs look above average to the appraiser.

Oh right, CA you guys reset the appraised value to the purchase price... 

It means I could potentially not slowly run out of capital as I delayed financing from one "flip-and-hold" to the next.In reality, I doubt that in the current market, and with the low availability of good deals, I'll be able to find a property which I can then add 25% appraisal value to, for less than 25% of the value spent as repair/renovation costs.