I read through the Fannie Mae guidelines released on March 23rd and I see that they have actually relaxed some of the appraisal requirements but no where have they said to not initiate appraisals.I'm in a big problem now where I'm already in a contact, underwritten loan, appraiser is ready to perform appraisal but lender doesn't want to initiate appraisal.Should I be taking a legal route here?

Currently self-managing the property and my question is.....how often are you (or your property mgrs.) checking up, inspecting, performing maintenance on the property?

I have 2 properties I'm thinking about either selling, keeping or doing a 1031 into a better performing property.

Their stock has performed very well, relatively speaking, throughout the downturn.

You'll derive the value based on the NOI and cap rate for your submarket, as opposed to neighborhood comps, etc.While your lender will focus on the property's performance, there are other personal hurdles such as net worth and liquidy requirements that need to be met for qualification.   

“But lenders don’t want these properties back.”Smeck said lenders will likely look at a property’s performance before the coronavirus hit.

The appraisal inspection would also show if any new repairs were performed or needed by the age of the building and how well it has been maintained.

If you have second thoughts, it is up to sellers to approve or keep the deposit as non-perform case.

Most MF's are in old, rough areas and don't perform well.

Going to perform small maintenance tasks on the rentals myself as they come up instead of hiring it all out.