I'm in a situation where the home I moved into (about 16 months ago) was a new construction in a very new/empty part of the neighborhood, and the appraisal pretty much matched the purchase price... but since then, the neighborhood has filled with new homes with similar or worse specs that are being listed and sold for more than $10-20k+ above that appraisal.So my question then is: when a lender looks at LTV, do they calculate this based on the fair market value as of today, or would they need to use my original appraisal figure?

@Joe DeLucaI had a similar situation last year and can offer few thoughts...For the new system: From my experience, a new septic system is a capital investment and that will need to be depreciated.  

Hi there, I would like to understand the deal flow better - it seems pretty straightforward on the surface- but wanna know more details.My situation - I have a few long term rentals that are slight positive cash flow.

We’re in the same situation.

Brokers can be very helpful in those situations due to the fact that they've seen a lot of similar situations.

Is the neighbor aware of the situation?

We're also a single income family and are going to get into RE out of necessity - the most pressing situation being that I haven't driven a stick shift car in about 6 years since I sold my 944 Turbo before we got married.

In my particular situation, I could lose 58% of my income and I would still be able to service my total expenses.

My landlord has a history of towing broke down vehicles, so I was proactive and talked with the property manager about it to let him know the situation.

Short of that, you can be nice and give him 30 days notice of termination of work agreement and 30 days notice to apply for his apartment, the same as similarly situated tenants.