I am having trouble understanding how to appropriately evaluate the property's value - is it based on the current "market" value, the 2020 tax assessment value of land and improvements, or from a bank appraiser who would be used during the purchasing process?

They can help identify good neighborhoods from bad, identify potential problems the property may have(such as neighborhoods that may have subsidence issues), identify improving areas, and have a list of competent contractors and inspectors.

Based on the market and the improvements I would bet the property has increased significantly in value. 

As I’m sure you now know, you should have released the money in draws After you had phases of the rehab inspected, so you knew your money was being used to improve the asset you had as collateral.

We will be making improvements to the property, and are using our in-house property management arm.

I have been watching the podcasts on Bigger Pockets as well as just listening to them when I have the time it improves my knowledge in these areas, and hopefully be a very useful problem solver for a lot of people in my area or any areas I choose to expand too.

Question to the BP community.If someone had a land contract on a property, improved the property and increasing its value, and then wanted to go to the bank to finance out of the land contract, could you do a 75-80% LTV loan?

Our inventory remains low but is slowly improving.

The first step is to improve the relationship between the office and tenants.

, but I would be willing to work jointly on looking at any MF deals.