I would be shocked if someone else made an offer in the 500k range.

It might simply be a 12-18 month option period where all the other preliminary work can take place.

I am shocked at this point, I appealed the appraisal went back and forth however I did not win the appeal and accepted the $145K appraisal price.

, since the seller might realize you're an investor and expect a lowball offer - but knowing why they're considering selling seems like a pretty important piece of the puzzle.Do you ask for any kind of supporting data before putting together a preliminary offer - i.e.

I did a preliminary search but no luck.

People are SO hungry for deals right now, I would be shocked if you brought a deal and had to wholesale it instead of partnering on it. 

Be advised, most people experience sticker shock when they come from TX to LA.  

I love the Victorian/Federal style architecture and character of the housing stock in the the Historic Distict, and after working out some preliminary numbers I thought it would generate decent rental income.Historic District AllentownTHE PROPERTYHistoric 1868 2 family house, (2 BR & 1 BR) corner lot, newly renovated kitchens and bathrooms and totally modernized inside, 3 car parking, outdoor decks on N 7th St.

I will eventually raise it to match market rate, but I do not want to shock them at once.

I bought a 2/2 brick ranch in decatur to pop out 2 mo ago and am shocked (even given my experience) at the delays for survey;  8 weeks,  architect;  6-12 mo;  Framers;  12 mo,  blablabla.