Originally posted by @Ned Carey:@John T.

Originally posted by @Alan Exelby:Hey AllI am in the final days of a probate sale and my lender finally came back with an appraisal well bellow the comps in my neighborhood that I'm buying.

Originally posted by @Dennis M.

One other thing not in my original post, it is understood that an evenutal consequence is that our daughter's basis, when she buys the property, is the low sale amount, which could affect her in the future if/when she sells.It would be better, of course, to die first, and have her inherit the property with a "step-up" basis. 

Originally posted by @Steve Theobald:All the prior comments are really good. 

This was not a complete rehab, we were keeping the main bath, moulding, and original dooors.

If it is only the credit check that is an issue then you should have the original lessee sign as a guarantor.

If your appraisal is correct then you might only get around $10,000 less loan origination costs and fees.

Sofi may or may not be an option for some, they only lend to people with high credit scores and high incomes apparently.  

If you buy in higher quality areas (higher income, credit score), you’re less likely to need to evict.