In addition, your bank should require an appraisal of the property that will include an assumption of rents.

First, I bought a house that appraised at the value that I bought it.

First, I bought a house that appraised at the value that I bought it.

Is it possible to "move" appraisals to the new Lender?

It's a bit more flexible and you can drop the PMI once you build equity/rehab and get another appraisal.

There will be heavier upfront costs & >%rate than a HELOC on you principal (also the appraisals usually come in low), but you're putting dormant equity to work.

Most commercial lenders I know need 45-60 days to close due the the wait time on the appraisals right now, so you'll need a bank on board that can do it quicker maybe using an abbreviated appraisal process (they can do under a certain $ amount).

Building is now appraised at $185,000 Lessons learned?

The underwriter will use what is on the lease to determine the monthly rental amount and the appraiser will do a rental market survey when he appraises the property.

I just received an appraisal letter from my county for my property.