Double closing costs and ending up with 2 new appraisals should be considered. 

Realizing that your time and effort is worth something plus the refi and appraisal costs. 

Assume that the sales price will be the appraisal price within 3 years and multiply the tax rate * the sales price to calculate tax. 

I fear the appraisal may come in low. 

For example if your house appraises for 200k.

@Mitchell Wyatt You can start out as a fix n flip loan which usually requires 10% downpayment, and then when rehab complete you can refinance into long term rental loan up to 75-80% of new appraised value.

So I'm really excited overall....now I just need to see what the appraisal comes back as! 

I was wondering if there was a way the seller and I could modify the purchase agreement, raise the purchase price to 90k (home appraised for 95k), and then have the seller give me the 15k agreed on plus the other 10k in increased sale price?

The property appraised for 144k so i listed it with a sales price of 144k.

We are looking to do a cash out refi, but I think we would have an issue when getting it appraised because the appraiser would see the property as a 2 flat but it’s zoned as a SFH.