Brown I usually see the appraisal value either equal or come really close to the agreed upon selling price.

We’re equal partners, everyone 25%.  

Absolutely a vital tool if you ask me!

The Harbor area of East Chicago is equally dangerous for all you out of state investors. 

A LEGITIMATE order would have had the simple addition of a person having to provide financial evidence of their inability to pay, of decline in income benefits, and then the amount of rent placed into forbearance status would be of % equaling decline in income due to covid impact.

Here are the vitals:600k purchase with 20% downLow maintenance and tax abated for another 15 years (which made it look as a good investment)Rented out, Cash flow of $82/moBUTThe board has imposed a $400 special assessment for one year, then extended for another year, and now want to extend that fir another year (they want to build reserve funds as maintenance too low).

We've also noticed that their profit margins are equal or lessor to the margins they make on these quicker flips or buy & hold rentals, with a TONNNN more stress.

In my area (Raleigh, NC) for a duplex, my lender is requesting 5% down payment and 6 months of reserves equaling PITI, which would leave me at $0 in savings.

The return on the money you use to do that is basically equal to your interest rate.

Not every lender is created equal, and I went through a handful of duds before I found an awesome lender.