With these upgrades my appraisal came back right at $380,000.

I plan to take time and read every piece of paper I am signing.So the situation is, the property is already inspected and appraised and everything, according to what he says, only thing left for me to do is sign the papers, wire the money to the closing attorney(Contract assignment).

Initially, I was told this would appraise out for nearly double what I paid for it two years back. 

Lease agreements if the property is occupied, appraisal, 6 months reserves, minimum 640 credit score, credit lines open for at least 2 years with no bankruptcies in the last 36 months.Then there's the properties requirements which is another thing.

Buy with cash, fix up, appraise, refinance the cash out.

Its a rule of thumbMy client bought three townhouses off market for 40K each, they appraised at $90K and rent for 900 per month.. properties increase approximately 4-6% per year. 

We just financed a couple multifamily deals in Bend - if anyone wants a copy of the appraisal's market data section or some market data from CoStar, etc. - give me a shout. 

You could get a commercial retail appraisal completed by a specialist appraiser who focuses on retail.

To be perfectly honest, trying to use artwork as collateral is going to be a on-off, can't really systematize something as wonky as that.If you wanted me to run it past an underwriter, I'm sure they would want a recent appraisal, done by an appraiser licensed by whatever certifying body licenses artwork appraisers.

Numbers.....Purchase $45kRehab $~50kARV Appraisal $180k-230k (depending on finishes.. per appraiser)Rent $1100-$1250We have done higher end finishes throughout to attract a quality tenant/buyer.It qualifies for the 1% rule and would cash flow fine, but would you hold this one?