What happens is that you and/or the Seller submit comps that you feel the property should be judged by, and any explanation that justifies your added value, and the underwriter reviews them with the appraiser. 

if I would’ve understood The metrics of commercial real estate I would’ve never done anything else.

@Tony ZhangWe have had offer review deadlines on almost all houses in my market for the last 8 months.

@Jason Chase CPAs don't "certify" they compete audits, reviews and compilations so you need to know which you need.

Some things might be mentioned by the full home inspection to investigate further and you can consider those after reviewing the report, within your due diligence window of course.

Thanks for sharing.I do most of the same but I do not want them to apply.I takes to much effort to review the app prior to pre screening.Every potential tenant has to answer prequal questionnaire first.Then the visit is scheduled for those that qualify.Then the app, if they appear to be most qualified based on their answers and initial in person screening.Just like a job interview.

Do you realize that properties that sell twice within the same year undergo a more stringent appraisal review that could make it difficult on a buyer to get financing? 

The management company should have reviewed and disclosed all the costs of their services with you prior to signing the agreement.

If you could find two flip-and-hold properties a year that met even a 90% cash-out refinance metric, you could build a portfolio of a dozen rentals before you even had to think about where to access more capital.That might be a slower strategy than you hope for, but if you did it that way, you'd definitely have a stable, productive portfolio that would spin off a fair amount of cash-flow.

Getting your first rehab project will require you to create a SOW, talk to contractors, compare and review bid proposals, review budgets, & make countless trips to Home Depot.​You will inevitably make mistakes and underestimate things, but you will learn 90% of what you know by just doing your first rehab!