It all depends on the AMC that has hired the appraiser and also if the appraiser has been reprimanded or fined recently and may come in more conservatively.

@Karen Harris Karen, based on your response, I can tell your relationship will do just fine.

If her tenant is noisy and upsetting neighbors she could be fined for violating the CC&Rs which probably have some language about not being noisy and upsetting neighbors, she could be sued if her tenant's actions are a nuisance, harassing the neighbors, or causing intentional infliction of emotional distress. 

Going to be very difficult to fine a good rental for less than $150,000.

Stay tuned.

I bought a foreclosure and the home inspector said the roof was fine for another 5 years.

Sounds like you are doing fine, as long as those properties meet your goals.  

A reasonably skilled handyman and a new doorknob should do just fine.

Bring his scenario back here for discussion and maybe we can help fine tune it for you.   

It would be nice (convenient) if local but I have also worked on globally distributed teams for years so I know that can work just fine as well.