Contingencies: Use contingencies to protect yourself or the buyer, like financing, appraisal, or inspection contingencies.4.

The good news is the home is in a great location and we should be well under appraised value with the purchase/rehab/holding cost.

This includes hiring an inspector to check for structural problems, arranging for a pest inspection, and getting a professional appraisal to ensure the property's value matches the bank's asking price.

Depending on the neighborhood you may actually achieve higher appraisals if appraised as 5 separate units.

It's two words forced appreciation. basically you need to pretend you're an appraiser.

I don't plan on leaving this at a high-interest loan; I will wait out a seasoning in order to get a new appraisal.

You can ask a real estate agent to run comps for you and if the value is there, order an appraisal through the lender. 

on a BRRRR appraisal in particular... the lender will hire it out to an appraisal company. 

We have multiple appraisals in hand that show an after repair value of about 2.3M.

Get a few quotes. and if you do not do it, when you go to refinance into a long term loan the appraiser will likely mark the report as "subject to" a structural engineer report of the foundation. and you will not be able to refi until you have done the  work that is required.