Once you have a property under contract, you are in the game. 

Also looking into partnering with friends who want to get into the RE game.

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Appeal the appraisal, which from what I've gathered is less likely to be successful than winning the lottery, or2.

They go with family #1 and family #2 finds out what happens because the seller Realtor is new to the game or does not care about rules.

What is the end game?

It is purely a numbers game for them and they want to make sure they have a qualified buyer. 

The you're in the game... use your skills to increase the value, then refi or sell.

In many cases its a big game of fees and parting you from your money.

But alas not anymore at least PDX .. ultra liberal has ruined that city for the short term.. still made a lot of folks money in the real estate game though..