You could also blame it on the lease/your attorney - “My lease says that the building can only be used for _____ purposes, and my attorney says I need to fill in the blank.”

Are you buying to move in yourself, or are you buying for the purpose of investing and cash flow?

I’ve also done the “do it yourself” method out of state, so I can compare the two different routes.

Appraisals are way less in depth and more of a quick look through and comparison to comparable sales to establish a value.I would be worried about whether or not the deal still works for you.

Hi guys hope you all well and growing your business.I usually buy single faimily homes from the auction at low price since they need tons of rehabs (the ones I pick), Im trying to implememt the BRRRR strategy, contacted couple of banks the problem is since Im trying to refi in less than a year they would give up to 70% of the purchase price and no apprisal at this stage (onw bank offered 3 months delayed purchase I think thats whats called but not sure).The problem Im having is they depend on the purchase price which is low as compared to the ARV and wont send appraisal till 1 year and I neither have lots of cash to keep in one or two deals and wait for one year nor do hard money.Trying to refi as soon as Im done with the rehab if possible which most of the time takes me 1 month max on average size house.Any recommendations would be appriciated.Wish you all the best of luck. 

Compare a 100k gain for SF/San Jose and it might not be that large.

You can used these funds for any purpose. 

I've been noticing that many out of town investors are drooling to get into the Memphis market due to the extremely low cost of properties and the good rent prices when compared to the cost of the house.

Ads often say "buy for the cost of rent" and compare rent to the PITI payment. 

Now let me be clear, I am not trying to compare Tucson to the 12th largest city in the U.S., but I do believe that Tucson is finally coming into its own.