Because real estate investing is extremely entrepreneurial.

They might go up if you materially improve the property or a sale may trigger a new appraisal, but that's all part of the game.

I get that your property is almost brand new, but its better to be conservative and pleasantly surprised than overly hopeful and extremely disappointed.

The advantages is that it is extremely easy to find tenants in manayunk.

6.5 points sounds extremely unusual to me as well.

At that point its just about how fast you can pull the trigger. 

There is a chain of representations from the PSA, through the Buyer to the lender which can trigger fraud and other violations.

He's in his 80s. b) He is considering trying to convert it into a rental but as I mentioned, the house has a *ton* of deferred maintenance (inside and out), meaning that it is extremely unlikely he could actually rent it to a 3rd party (which is what he thinks he could do). c) Also, he's "house-rich" but "cash-poor". 

@Sean McintireIf you don’t mind me asking, what made you pull the trigger on such a large pool all at once in just a year of learning about notes?

In cities like Cincinnati, Cleveland, Indianapolis the clientele can change drastically extremely quick (by a block or two).