That being said, it's a good idea to provide the appraiser as much info as you can about the property, the renovations, the materials used, the amount spent, etc., and even let them know which comps you used to determine your ARV and why they are comparable. 

(costly in terms of time, 2nd inspection scheduling, and materials and labor).

However, rehabbing while occupying is tough 😄.

I realize all of this probably varies state by state, but if anyone can't point me in the direction of some really good material about this stage in the process I'd be very grateful! 

That's not how you do the math.....Plans+Permits+GC Labor Cost+Subcontractor Cost+Materials+ Appliances+Markup= Project Cost

Goes for all things, contractors, materials, legal (downloading online lease agreements versus paying for legal advice), and providing cheaper rents versus rehabbing the place. 

It’s definitely a numbers game as others have said, but if it is on the condemned list that can be tough to reverse sometimes.

The journey to get here has been a long one and doing this from Texas is tough.

I have and its very tough.

We did hundreds of these in years past when cash sales or sales were very tough to find. as pointed out its not as popular now because most folks can sell to new buyer who CAN get a new loan and cash everyone out..