Reduce Your DebtPay down existing debt, especially high-interest credit card balances.

You are undoubtedly in the attorney review period, so this is your get out of jail free card if you need it.

If I play my cards right and take action judiciously, I know it can work out.

Also, that second appraisal is the wild card in the BRRRR process (here's an article to help you navigate it https://www.biggerpockets.com/blog/real-estate-refinancing-success-brrrr-investors).

I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).

The property was being managed – 500 storage units - on 3x5 cards!!

Business cards, flyers, postcards, bandit signs, any direct-mail campaign, these are some of the small expenses necessary to keep any real estate investor's business actually work.

Good that they didn't play the card of adverse possession.

They don’t make the assumption that all purchase offers are the same and sellers will just cough up loads of time and information to just anyone who makes an offer.

In fact, the bank accepted our documentation just fine; I don't know whether I can upload the docs I sent them here, but if so, I'll attach them.