so instead they appraise super low so that either the borrower doesn't take the loan or there is so low an LTV that the lending institution can live with it.

I have also heard when going to a local bank to get a portfolio loan you should have a business plan to show the lender and convince them that your investment will produce positive returns resulting in a low possibility of defaulting on the loan. 

Hi OrenellaTucson is a very competitive market and inventories are very low.

Interests and BackgroundI'm interested in learning about new aspects of real estate investing I'm interested in investing in general, buy and hold investing, flipping houses, low or no money real estate investing, and multifamily investing.

Just know that it would be horrendously low based on actual numbers.

If you can afford it just take your time to start investing because most markets are low in inventory and prices tend to be high.Just do what is average in that neighberhood that you select.  

A vacant house, via Chris Clothier find motivated sellers now, recently was upgraded so you can filter on high equity or low equity AND older than 50 yr old.  

I am interested in buying it at low cost to fix it up.

Good credit, especially when you can go OO and take advantage of the extremely low interest rates will be HUGE.#2 - A strong W2.

So 80% is on the low side. $400 to renew an existing tenant seems pretty high to me.