does not make sense unless they did not pay them. check and see if the town has a rent control board, fair housing board or some board that tenants can complain to, get the town involved in your fight.

I would raise this issue with the lender and fight it.  

Maybe you can argue that you paid an "unfair" value if you have to go fight the appraisal.   

Hi @Serena Tillman , All the markets you referenced sounds good but it is all about your buy In capability.

I do this all the time now after years of fighting with title companies or their attorneys who hide behind emails and refuse to get on the phone with me to discuss. 

http://rentalhousingsurvivalfu... gotta fight it dennis they might allow tenants some sort of forgiveness or a long term payoff.

Still had a lot of red tape and the local lenders really had to fight my corner with their underwriting team. 

Hello,I am a young & fresh investor, fighting to acquire his first fix & flip.

Try different approaches, track the results, and don't fight the results. 

There are other very capable CPAs on the forums as well, just be sure the one you pick is familiar with CA laws, which tend to be more complicated than other states (I think most on the forums are).