Appraisers then have to expand the area they are looking at and/or make large adjustments off of other properties.I had this issue somewhat recently with a 4 unit property I renovated.

I will be doing exactly as you said to see where I can adjust my acquisition strategy thus far.

I think the main reason MF prices are not coming down is LL's can adjust margins and screening.

The condition of the property is fairly good, however I want to make a few cosmetic adjustments to the exterior;  such as painting the trim and replaying a front screen door, etc to add value to my investment. 

For me, I generally use a baseline of 7-8% for repairs and 8-10% for cap ex and adjust depending on the property.

Remaining vigilant of market conditions can allow you to modify your strategy, and adjust to ensure you can still achieve your overall investment goal even in challenging circumstances!

Remaining vigilant of market conditions can allow you to modify your strategy, and adjust to ensure you can still achieve your overall investment goal even in challenging circumstances!

They are slide adjustable so they always fit perfect and you don't see wear on the holes like a traditional belt.

Typically these loans are for a limited term like 5, 7 or 10 years so a balloon payment is due after the term OR you can do it as a ARM (5/1, 7/1, 10/1) where the rate will adjust after the fixed period.

@Armando Neri Why do this when Fed Fund Rate is at 0% and not heading up anytime soon, thereby lowering the cost of adjustable rate financing for the foreseeable future on other adjustable rates such as Helocs?