appraisal 1.2 mil, rent 725 * 12 units, it's clearly negative.

I am also in Iowa City as an investor and appraiser

Was thinking if I got an appraisal I could fix B and that might inform A. 

FHA / occupant is the toughest in that the appraiser will be VERY PICKY and not gtive you your value needed to be equal to or greater then the loan amojnt. 

The appraisals equal $1,080,000. 

When you go to get a HELOC on it or cash-out-refi the appraiser will not count that as finished square footage.

And you can get the tax rate for a property from https://search.wcad.org/ - there is a table (e.g. 2021 ENTITIES & EXEMPTIONS) that lists the various taxing entities and the tax rate (e.g. 2.24%...which translates for 100K appraised value into $2,240 property tax).

The lender has all my paperwork, but waiting on the appraisal info.Anyway, once I gain everything I need, I’ll be close to ending the tutorial.In order to reach level 1, I MUST buy the property and it MUST cash flow AND appreciate.  

If your goal is to net $1,000 a month and that means the property needs to be purchased at $X then you are good to go.If you get some construction loan there is going to be an appraisal anyways that can be used as a renegotiation tool if necessary.

Would the loan be based on the ARV that can be appraised.