It’s in a great neighborhood surrounded by homes and nearby schools.

If it is based on comps, does that mean it's based on comps of other multifamily properties or SFR's in the neighborhood?

Some units will be above the higher end of that (nicer neighborhood, bigger house, more amenities, nicer upgrades) and some will be well below that range (not upgraded, on a rougher street, smaller, etc).

I help organize a meetup in Cincinnati and I know that a lot of deals have been closed on among the members that would not have met each other without the meetup.

Appraisal reports are kind of interesting: Comparative sales, city reports, neighborhood reports, project P&L -130 pages of information on this one property.Put utilities into my name, require going into provide company information, slow lines and a few deposits all done.Closing: Signed a million pieces of paper infront of a room full of people.

Anyone have any organizations they recommend to go to when looking for a line of credit?

Neighborhood.

Also I have a wife and 1 year old son so living in some D-class neighborhood is also out of the question.

Is this a red flag or should I just expect this in a C class neighborhood.

Drive a nice neighborhood and get out of the car and talk to the General Contractor of the nice house that is being built.