But we have been lucky enough to not receive any issues with this house as when we bought it was fully remodeled literally everything was new. 

I  hope this helps!

Thank everyone again I'm new to this site but it is an amazing sounding board and everyone gives such amazing feedback. 

What made you interested in investing in this type of deal?

My order goes like this.1: Front of House (unless there is an extra special feature. think a Plane Jane house with a chef kitchen or over-the-top pool and patio area)2-5: Highlights of the best features of the house.

Hi all - This is my first post, and I’m looking forward to getting some insight.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

This is consistent among ALL appraisers.

Will it immediately move to full transaction price, or does this jurisdiction use some sort of flat percentage increase.You should know how frequently the property will be reassessed thereafter.

Could you please share your experiences, tips, things to look out for?