There are methods for starting with “nothing”, which are of course much more difficult than starting with a wad of cash.

Also, with similar needs to a Value Investing in Stocks method.

Right now we are in the middle of a refinance, which would free up another $160 per month in cash flow.The method I used is to look in a developing area, find aspects within the property I could add value, make the renovations by leveraging my network of contractors, and then rent it out at what the market rate was. 

I vote to return their money, and change your policy about collecting funds while the app is still in need of approval. 

Both methods I used above dont come close to this valuation.

I don't think there is any consistent method to determine what one bank will take over another bank.

My vote is you should invest but first have a discussion w/ some lenders to understand how much you will qualify for based on salary, credit,.....  

You never have to twist my arm to grab drinks and talk real estate. lol  I would love to start a mastermind group; my vote is Fri night happy hr.  

Rent the thing out to as small of family as you can find and impress water conserving methods and practices. 

If it does, please vote for my post.