Assuming that my ARV is correct and I'm not terribly confident it is as we're total newbies, I think that we might be able to get right around the $200k mark with some sweat equity in projects that we can do, modest kitchen upgrades (counter tops, backsplash, possibly replacing some cabinet hardware), and modest bathroom upgrades (tiling the floors, replacing the sinks and vanities).

Mark Russell This is a good question that I'm also interested in too.

Would we get ranked lower, or receive a 'bad mark' somehow?"

The pre-recession sharks would 100% target whoever they deemed easy "marks," more or less using stereotypes in that determination, local to wherever they happened to be. 

@Mark SmithJeff Beard Thanks for the reply.

Mark Scott Hi Mark, I live and work in Tampa, and I have over 29 years of experience in all aspects of real estate investing.

I think @Mark Vejnar did a great job in the last paragraph about that misconception of an appraiser protecting the bank's interest (I think that is the part that threw me off the most).

Originally posted by @Mark Langdon:Do not buy unless you do the following:1) Get actual  MLS comps for recent rents and what this sells for when completed as an alternate exit strategy. 

@mark @Mark Whittlesey Your are correct.  

@Mark Creason @George Sarianos @J Scott @Michael Siekerka Thanks for the insight, gentlemen.