In many cases bigger banks or lenders have specific programs that cater to first time home buyers and investors. 

Hence the lot on which the house resided was taxed at a 45% discount based on actual value, while the tennis lot was taxed at about 4 times what it should have been by value. 

The process is pretty straight forward and not complicated at all.

It turned out this was his first time appraising one.

We have a 28 unit hotel we're currently working thru the process on.

Fast forward two months, and now the property is rented out, so I decided it was time to refinance.

depending on how backed up the county is it can e take a few months for court date. in essex county it took my mother in law about 8 months or so for the full process. she had an attorney, not sure if that sped anything up

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.

My though process in undercutting the bank by 1 % was to possibly attract qualified buyers.

Monty, take a small amount of time to work on your credit daily.