Starting out as a credit analyst for BB&T, I spent mu younger years reading through 10Ks, 10Qs, financial statements, SEC documents, etc. creating “spreads” and credit analysis for different types of businesses.

T-12, known as ‘trailing 12’.  

@Joe T.

I think Brandon T coined the phrase "deal delta"....saying that there are three things you need to pull off a RE deal...capital, knowledge/skills, and hustle. 

However, for 15 years, you haven't had to deal with a tenant, the risks associated with having a tenant/house you don' t live in, etc. 

@Lydia T.

They had better be prepared to jump through hoops or they are going to be s**t out of luck.

Originally posted by @Max T.

Originally posted by @Chris T.

I've only dealt with appraisers for refinance purposes, not for actually giving a value to selling the place, so in my experience, the appraiser has had to follow the lender's instructions to a T on what to include, or not to include for value (example they can only count one outbuilding and no more than 5 acres of value for rural properties.)