It sounds like you are in a great position to pull out equity, and hopefully are getting values from appraisers at a far lower cap rate than 12%.

I assume the owner, lives locally, wants to sell.I have her name and address from Appraisal district.

There needn't be a 'ton' of equity, simply enough to support an appraisal of the asset that allows one to refinance their entire investment out.

That strong offer typically means cash, no inspection, no appraisal, and quick close.If I were you, I would be looking at listed deals that have been sitting for 60+ days.

Now it takes that long to get the paperwork filed, including 2 years tax returns, an appraisal scheduled & some random underwriter to tune in a month later with more mundane questions.

Since all of the marriage joint is sealed by drywall, it is no way for the home appraisal to determine.

The reports are 40-90 pages long and go through the entire house in great detail.Get an appraisal.

A good property appraiser might not get an offer from a bad company if a company started to raise money for a startup, then it's all going to be an unavoidable problem - but for now, there would be little reason to pay them.

If the investor fails to accurately appraise the value of the asset at acquisition, you can lose money.

.#1 Gaurdians credit union Interest rate: PRIME minus 0.25%LTV: potentially 90%Draw and Pay back period: draw upto 5yrs maybe 10yrs if credit history still really good/ pay back period 15yrsClosing cost:$435 includes FULL Appraisal Minimum withdraw when opening account: $5,000#2 Third Federal Savings and LoanInterest rate: PRIME minus 1.01% LTV: 80%Draw and Pay back period: 10yrs of drawing out with total of 20yrs for paybackDoc & intangible tax $5.50 per $1,000 that gets taken out.Full Appraisal: $200Annual fee of the draw period: $65x10=$650