Oftentimes, if FNMA doesn't get a bid they want to accept, they'll lower the price (sometimes lower than the bids they received) just to try to drum up competition and get a higher offer.

It is definitely an improvement over the vinyl flooring they were using ;-) The wood floors were previously painted, we sanded them with a drum sander and filled the really bad cracks.

I never knew how to make it happen until I started searching general flipping topics on Youtube and found *drum roll please* ...

In terms of reliability, many on the site will beat the drum the a local lender will be more reliably and make you a lot of money in the long run even with their higher costs.  

Hey Joe, and anyone else who felt offended in anywayapologies if my post was taken out of context.I made no assumptions that I am aware of.In fact, I believe I praised your efforts.the video was about your current project.the following posts led in another direction.I don't have any questions for you, as your process seems tight as a drum to me.Steve

Almost 70% of my business has come through door knocking.I didn't join bigger pockets to drum up more business, although that would be great if it did, I mainly joined because after browsing the website a couple times and reading some forums I could tell that it was a great community of like minded people that were willing to share and help each other out.

Called a local environmental cleanup company who will provide me with a 50 gallon drum. 

As a side note, I used to play drums in a garage band..had a few gigs..performed at The Whiskey in Hollywood a few times..that was pretty fun.

I suggest you call local lenders and ask, some will say the don't do them, some may say the do, then check them out as to performance and closing.Issue is that some loan officer may fudge a bit saying they can to drum up business.Might get an idea of who the efficient ones might be from title companies who have construction disbursement services, they will know, not sure if they will recommend a lender but they should be able to say who does most of them.Frankly, I'd go conventional as a purchase money rehab commercial loan and move it to perm financing if needed.

Is this the actual ARV, or is this just some number drummed up by an appraiser at the time of their actual appraisal?