In either case it seems they wanted to protect themselves knowing their lender would only finance X amount of the appraised value and they wanted to limit their exposure to no more than $10k over the appraised value.You agreed to the clause, I think you need to stick to it even if you didn't anticipate all possibilities. 

Trenton unfortunately, although it's my state Capitol, is nowhere near the recovery they anticipated.

I am anticipating an overall improvement in Racine with the now Foxconn plant that is being built.

I've done all that myself before, and my properties never work out how I anticipate, and honestly I got burnt out trying to source contractors & managers for my own rentals. 

Hurricane has a waiting list for permits that they anticipate to take longer than a decade to get to the top of if you were to place your name on there today.St George only allows nightly rentals in developments pre-approved for nightly rentals AND you are required to use whatever property manager is assigned to that development. 

How I structure my MTR's is a month to month with discussions of how long they anticipate staying. 

So be sure to anticipate what your taxes will be based on YOUR purchase price, versus what your seller paid for the property. 

Plans to were announced last year to invest $2B into the cities airport in anticipation of the population/business travel growth. 

Do you anticipate more demand for fewer properties if mortgage rates continue to improve? 

In order to control that you need to know the remaining life of every component of the property and include that in your financial model: roof, plumbing, HVAC, flooring, kitchens, windows, siding etc etc In light of this you really need a home inspection, and it better be a really good inspector (many are not) not only to identify present issues, but also to understand your anticipated expenses over the next years.