Perhaps the property would not appraise or pass an inspection are all reasons that cash only might be a requisite.

If that happens, Do you want to have an appraisal to show the reasons for a lower value.

The problem is they are asking for more time, so inspection to be 30 days with loan and appraisal contingency to be 45 days and close to be 90 days!!!

You start with an appraised value based on comps, but then negotiate a final price based on inspection report if possible. 

I was wondering how nice homes in rough neighborhoods would be appraised for a refinance.

Its hard to be certain what appraisal value I would get when doing a refi because the comparable sales will almost certainly be in poorer condition.

More things "to do" while I don't actually get anything done.I can go to rentometer for comparable rents, I can look at the county website for tax information, I can look on zillow and realtor.com (and talk to appraisers) for a good estimate of ARV, but I know that repair costs can eat up years of profitability. 

I'd be buying below appraised value but in line with wholesale offers so as to not personally benefit.

In this neighborhood, I'm also expecting appraisals to average higher over the next 5-10 years as well.

We had to submit a rehab budget and they did an appraisal with an as-is and ARV calculation.