You can deny them based on low credit you would be required to provide them with the information you saw that the decision was based off.

Hi @Bryan VincentI used granite called Fantasy BrownFor Flooring I used Laminate from Lowe's

That's the average, so it can be change by outside forces such as abnormally low or high interest rates, etc.The following behaviors were exhibited at the last peak:Lenders were lending 125% of appraised value - I haven't seen this yetEveryone and their brother was buying a house, you could sell anything for crazy money - that's happening nowPeople thought prices would never come down - that's happening now where I amNew construction was hot hot hot - that's happening nowDownpayment requirements went down and LTVs went up - that's happening nowThere was very little inventory to buy - that's happening nowAre any of these hard and fast indicators? 

I started out with forms that I downloaded from bigger pockets by Michele and Bruce Fischer --podcast 79 (low-income housing), the templates that came with Buildium (our property managment software), and a lease written by a local lawyer that does the most evictions in our county.

I highly doubt that you will be able to create $25,000 of equity with $1,000 worth of repairs (which seems a bit low anyway)  Other than that it doesn't look bad but it all depends on the area.

The first appraisal seems a little on the low side (nice for you).

If I am to get into REI the soonest, it seems that wholesaling would be my only option due to it's low barrier to entry (at least in regards to cost).

----------------------------------------------SO............ my personal experiences seems to be far different than those that are really stating that these higher priced MSAs are not good for investing.BUT, as you can see, I have been incredibly successful by investing in these higher MSAs, but in my specific locations in Brooklyn, looking for higher rental appreciation and value appreciation as well as a large supply of great tenants and low crime.When I now go back to the article, which really is a bit misleading from the Headlines, here is the remaining part of the New York area statistics that I left out above:10.

Built in 1950, it has a new roof, new heating and air, all new electric and other than that the rest of it looks original and beat up.

5% coc return seems really low.