And the house will appraise, I am confident of that.• I don’t want to do a smaller loan amount on the cash out refi and then take a HELOC for the rest.

Commercial investing is in some ways easier because the value is usually derived from income based appraisals, instead is sales comps...usually, not always.Meaning if you can get expenses down and revenue up you can force appreciation.It can also come with much longer vacancies, and can sometimes be hard to sell.

Code enforcement, appraisals, home inspectors?

Instead of the bank refinancing the property for the remaining balance on my loan, they refinance it for the appraised value of the property and let me take the difference in cash.

Will the loan be for the appraisal value (assuming the appraisal was for $200K) or is it for a portion of that (50%)?

All in all if things go according to plan I will have roughly $65k into the property with a refinance with approximate appraisal value of 170-180k and cash flowing $800+/mo.

I used the comps from the appraisal and I'm nicer then then the 700 place and if I put in new flooring about $2000 I would match the 908 units in the area my sample size is 4 propertys.

Would an appraiser use the price/sqft of single family homes in the area?

This home appraises for about $65k, so the loan would be about $50k, which is less then what alot of bank lend out for.I am wondering if I can refi this property and if so, what bank should I use to do a refi.

Our contact at the bank agrees the appraisal is nuts he just can’t get the appraiser to move.