But the rehabs are well done, we average 3 to 5 maintenance calls per year, per unit.So i believe it subject to the maintenance, rehab/condition of the asset, background check of tenant, and relationship with the tenant.I believe the tenants treatment of the house is typically a reflection of the owners care of the property.

We start considering lowering the price about 10 days in depending on the activity level and feedback from prospective tenants.Poor condition/marketabilityIs the home in a fresh and desirable condition?

What I need is someone to inspect the property and report on its condition, secure the property, maintain the property, and oversee any work required to get it into saleable or rentable condition.

I did come across the following deal: Property: Victorian 4-Family (8 Bed, 4 Bath) (2Bed, 1 Bath per unit)Ask: $850,000Location: Weehawken, NJRent: ~$2,000 per unitAdditional income: $1,000/year - coin laundryExpenses:- Mortgage/Taxes/PMI/Insurance: $5,397*Note: I plan to do a 5% down FHA (possibly 203K depending on condition)Utilities: $250Vacancy: 7%CapEx: 10%Maintenance: 5%Zillow LinkAfter using the BP calculator - It appears that I will be paying ~$850 per month (assuming I purchase full ask).

It is in great condition though.

I offer to email over a few of the comparables we are focusing on, with detailed notes on condition differences or other offsets that they can share with the seller on how we arrived at our numbers.Kind regards,Arpad 

., What about the Dodd Frank law prohibiting ballon payments?  

RR I've seen underwriters condition for that, and it's your loan officer's screw-up for asking anything of you...

I looked into a property being sold by fannie mae (through homeopath.com), the property is in pretty good condition all i would need to do really is remove the carpet and tile and install new tile throughout the house.  

With regards to ARV for a refi, like @Scott Schultz noted, appraisers (and home inspectors for that matter) typically just observe what they see and appraise the home based on its present condition.