For example, our 140' foot fence was agreed upon to be cedar, and it was done using pine (at a cost of $8k, despite originally saying it would be $6.5k, and only notifying us about the price increase after it was finished).

Tiled the floor and up the wall about a foot.   

There's a few phases - For info for buying, you'll need Leases and terms, breakdown of costs (what is tenants responsibilities and what is landlords), breakdown of CAM (Common Area Maintenance), each units price per square foot, tenants revenue to rent ratioOnce you go into due diligence, you'll need balance sheets, surveys, P&L, and tenants' sales reports for two years. lease docs and amendments including any statement regarding oral agreements, tenant estoppel agreeing with what you've been given, any open permits or zoning issues, environmental reports (don't want to find out later an old gas station or laundromat was there before), owners current budget, a complete list of all property stating who owns what and who is responsible for the care.

In the third quarter, the average asking rental for retail properties decreased 15 cents to $2.86 a square foot on a triple-net basis quarter over quarter, according to CBRE Group Inc.

But given the substantial difference between your estimated value and even the revised estimated value, I wonder if the appraiser actually set foot inside the property...Lastly, just be sure that if you are going to scream and shout at the lender that you have loads of supporting documentation and evidence on your side. 

I’ve read the BP Recommended books, listened to the podcasts, and I’m even studying to get my real estate license in California to get my foot in the door.

Personal cash speaks for itself, and Hardmoney is a little expensive but still a great way to get your foot in the door

Just keep putting one foot in front of the other! 

As they say starting off on the right foot makes a big difference in the grand scheme of it all... 

That windfall allow us to reposition that money into another deal or restructure debt to maximize cash flow.For instance, the rental that I just mentioned was purchased last year and was just a 1 bedroom and 1 bathroom 1000 square foot home.