The loan will be based on your financials and the income potential and appraised value of the finished product. 

I've been searching the MLS for a few weeks for my first property to BRRRR in the Canton/Massillon area, but haven't been able to find anything that I think will appraise high enough after the rehab to get my money back.

A friend just got his unit appraised in Bahamas for $282,000.

Does this hold true for an appraisal?

The property appraised for 150k (25k more than what I paid for it) I paid the refinancing fees and I paid an appraiser all totaling about $800.

So you can rinse and repeat They will be held by the bank only. usually only 65 percent of appraised value is loaned out.one important thing on real estate syndications is they are highly illiquid, you are holding paper in a LLC while a single family rental is your physical asset. you can get a HELOC against your assets.

Old owner had tenants pay far below market value rents, so we intend to raise rents as each home turns up vacant.It appraised for $20,000 more than our purchase price, so we are sitting at a good equity position.

If they evicted anyone to make it vacant, you may have a rent ceiling.If you also build 1 to 3 ADUs, then your appraised value may be run as a 5+ commercial rental rather than a 4- residential rental. 

Now, it is worth $125,000 appraised, and I rent out to great tenants with 700+ credit scores!

A general range tends to be 65% to 75% of value.Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?