If you plan to just resell without doing any renovations, it's unlikely that FHA or a conventional lender would allow the deal to go through (it wouldn't appraise and/or they'd require substantiation for the price increase).If you plan to do the repairs, and if the property appraises for $95K after the repairs are completed, you shouldn't have any issues.

They have yet to realize that most potential buyers are influenced by their first impression of a home.

Ok so I've saved up a substantial amount of money to start wholesaling.

Don't let asking prices or other offers influence your decisions (except the knowledge that there are NO other offers and you want to take the risk of offering less than your strike price hoping to get it for less).

I suppose there’s no way to get the appraiser to give some kind of consideration to the land/development value & not beat me down over improving the unit in substantial disrepair?

That's the time to network into the community and connect with local influencer who will be very open to promoting the area.

I agree with the above post that if you are buying and making substantial improvements than it might be best to use hard/private money and get your loan, make the improvements and then refinance.

Cal. market and address's how the shark skin suits (VC) could influence the rental rates in their chosen markets.

I was told that they were influenced by their parents and were firm at 182k.

Unless you grab a deal at a substantially discounted price with an ample profit margin, it's very tough to make the numbers pencil out with hard money.