I think there are a few homework items for you to do to make a decision: define your long term goals, Run the numbers, and research local regulations.Define your long term goals: Set this property aside for a second.

If your offer gets accepted, a good lender will work with you daily to make sure all of the needed items for your loan are in before the appraisal comes back.

He says it is spread out between multiple items.

There were also multiple items he had added to the estimate that we never agreed upon or knew about.

Owe 338k on the home now As you know the market is at all time highs and the same model house with less updates just sold down the street for 575k.

Owe 338k on the home now As you know the market is at all time highs and the same model house with less updates just sold down the street for 575k.

That way can model out worst case situation and see what it looks like.

@Alan Walker, just be sure to account for Capex items.  

Checked off a bucket list item Monday last week playing a round at Pebble Beach...it was awesome.

I am not sure how to search for decent investment firms or how to do proper due diligence over the team members - if anyone has resources for this as well as firms or sites they recommend I'm all ears.Also, I have a thorough understanding of financials and modeling, but not real estate-specific, and probably need a better understanding of how to verify projection numbers and how to ensure I am doing proper due diligence over large RE deals.