These include seller financing, partnerships, etc.First step is to do a true assessment of your situation.

Additionally, a promissory note is the document which details the amount owed, interest rate, and the terms of your promise to repay which the state will assess a tax of $.35 cents per $100 of the face value of any promissory note. 

Main concern is being assessed.

I could use some outside eyes to help me see if I'm assessing my situation correctly.I've been casually browsing the market in my expensive Virginia area for the last three years.

The final detailed inspection was completed with the write up submitted by a Commercial Architect who is a good friend of ours.Now I definitely assess 3+ multi units with a lot more respect & insight.Good luck on your project & I will be watching for updates.

I’m thinking 75-85% I’d assessed.

I also check with the local city office for back taxes and assessments, etc...I usually sink quite a bit of time upfront doing my due diligence before deciding if its worth moving forward and needing to get into the house.

But that's our rookie assessment.

Each lender will have various ways they assess or valuate that the ARV is accurate.

If you are driving around you can also look at the electric meter(s) to make a quick assessment if the property is multifamily or not.