-Canon: I didn't realize they were hurting.

I appreciate your candidness about what you learned and shared some of the "warts" of your deal.We all learn faster when we run into issues and realize we should have done something different.

In all seriousness, I do realize that there are some other states (or provinces in your case!)

Realize that a previous counter, especially over 90 days old, is irrelevant as they'll probably do another BPO.

The more I discover I don't know the more I realize I don't know if that makes any sense.Can you recommend a beginners guide to rehab inside of DC?

If your rent is way under market for comparables, they might realize the value they're getting.I doubt they would be incredibly surprised at a small rent increase if they knew the building was for sale.How much longer is their current lease?

The closing costs between the 2 props is close to $18k (out of pocket) so I was hoping to realize that back a little sooner than adding to property basis, but I understand.Turbotax also asks if you have purchased a house in the last year, but I wasn't sure about the rules for REI.

After looking at the appraisal I realized that the appraiser used three comps that were over a mile away They weren't even in the same zip code.

Appraising is harder to get into too, hours are required under an appraiser need to be fulfilled before you're on your own.I'd say agents can make more faster.Best to talk to local appraisers and agents if you want to train in either, you could be an agent and then move to appraising, a natural progression.As to investing, an appraiser has an edge, you do realize that RE school for agents is usually the first part of the appraisal avenue.....:)

The guy is extremely unrealistic and will have trouble selling this property, especially since him and his wife are moving out of state soon, I believe he will realize this quickly.