(CMA) and a possible selling range. 2. work out for what Cap-rate similar properties are selling in the area and estimate that based on your NOI. 3. ask an appraisal for desk top valuation, for the reasons you mentioned above. tel him/her that if the appraisal is on track you will commission full appraisal.

. - I'd like to look at the market update and also the properties that you mentioned.

As Taylor mentioned we have a local BP group that meets monthly, but I'll PM you the details. 

You just need to know if there are other liens on the property or other owners that haven't been mentioned.

@Tim Swierczek knows the Minneapolis loan space very thoroughly.Sinc it's an absentee property you'll likely be stuck with 25% Like @Daniel Kurkowski mentioned, lenders stick with the Fannie/Freddie requirements.

@Adam Hale based on those numbers the 1% rule applies so it seems alright, but there are other factors you have not mentioned that are critical. 

The challenge is that once we sell it as a fixer-upper the sale price, as you mentioned, goes WAY down because of other properties in the area with the same issue.

I've seen what @Galen Crofut mentions, that there is more inventory on the Peninsula and some homes are sitting on the market for a bit longer. 

I was just discussing this with @Jason Bott today and he mentioned a product called REI Guard. 

I was reading an article ( https://www.biggerpockets.com/renewsblog/work-with... ) about delayed financing where it mentions "When you buy the house, you can put the rehab, your insurance, and any other hard costs like this on the HUD.