@Kurt Gardner,It's pretty hard to get an appraiser to change their value once they have it because it means admitting they aren't perfect and are but mortals that can make mistakes.If this is a conventional offer, and you really want the place, I'd suggest ordering a new fresh appraisal through the lender, and ensure the appraiser has the engineer's report from the start.Once the new full appraisal is in, the lender internally will review both, and almost certainly find the new one where the appraiser had more information at her disposal from the start is the more credible of the two appraisals, and disregard the other one.

Starting fresh is always tough which I why I like Fannie Freddie FHA stuff for that, it is what there are there for in my opinion.

I have never invested in real estate before and I am a newly college graduate, so you could say I'm fresh of the boat in regards to my real estate knowledge.

What does the "fresh talent" bring to the table for their 40% cut? 

I don't personally have any experience with buying a multi via FHA, but I can tell you from a seller's point of view ... having not dealt with the FHA inspection aspect before, I was amazed when my realtor advised that I'd need to, for example, repaint the eves of my house because some of the paint was flaking off, and that FHA would likely flag it and not issue a mortgage, because of something as minor as flaking paint ... the eves were freshly paint 5 years ago, mind you, so its not like they had been neglected for 20 years.

Hi @Richard Warner Fresh out of high school and going into college in late 2008 I started a small "Handyman" business to earn some money to make bad decisions on the weekends.

Thank you , yes I am very very fresh :) I should learn a loooooot more, and it could most likely burn me , and I would hate to burn with my 1st purchase with my current cc situation.

Main question is what do i need to do to properly terminate existing lease to start fresh with new tenant?

They are doing a great job knocking down abandoned houses, fixing roads, sweeping the street, mowing vacant lots etc. i kept hoping the property values would go up but I lately I just don't see how that can happen without fresh blood in the city.

I had negative experience with low income renters in the past, fresh data points to expand my mind are much appreciated1) how has your experience been finding tenants?