That appraisal is done for one reason (unless you do it for your own DD) -- it's to give the lender some security that you're not overpaying (and thus they're not over lending) vs. what an objective appraiser feels it's worth. 

The administrative bureaucracy created to weed out the bad actors will spend a significant portion of resources on law-abiding citizens and not enough on the criminals they claim to be after.I would love to see an objective party investigate and determine what percentage of landlords are true slumlords and in violation of current law.

First of all, we call them "Safety Inspections," because who can object to a routine inspection to ensure their safety!

The badger 1s only come with a 1 year warranty for good reason:) Were there obvious signs of foreign objects in the unit to suggest it wasnt wear and tear?

Instead, provide objective facts and data about the area's demographics, amenities, and nearby attractions.

I'd look at the property itself as an object that has the ability to go back and forth between an asset or liability, but the classification completely relying on if money is going into your pocket each month after mortgage/expenses are all paid.In response to part 2 of your question...if you are still negative cash flow after moving out it would be a liability.

My true objective is to buy and hold commercial real estate. 

Any objections?

I don't see what the objection is.

The objective: The $ invested never be more than 80% of the market value so if we ever have to sell for emergency reasons we at least break even.