I doubt my loan officer will approve another $500k on top of my existing $200k loan if the 9 unit mixed-used building doesn't appraise for what the current math says it must appraise for: $700k.

Shaker is making me replace a 3 car garage that doesn't need replacing. 

This doesn't have to mean $, but what can building a relationship do to help both parties have more success. 

@Edward Mincarelli, what Charlie says is true, but that doesn't mean they cannot purchase property.

I told them if that doesn't work, give me a call.....

It doesn't meet the 70% rule, but it is not too far off. 

I agree that growth in the Dallas market doesn't appear to be turning anytime soon.I hadn't considered the Sherman/Denison area (despite having done market research on it for unrelated projects).  

If he gets it done by the end of the month, we return his full deposit and we'll take care of whatever junk he doesn't want.

Point is, it doesn't have to be a well known market.

Start saving for a downpayment, it doesn't have to be 20%.