My going in cap is 11% and it appraised for 185k.

The reports are 40-90 pages long and go through the entire house in great detail.Get an appraisal.

, FLOAT the interest rate, get all paperwork in, appraisal ordered, bla bla bla.... and just sit there like a sniper.So that as soon as the mortgage industry capacity issues are solved, boom, you're ready to fire that bullet and lock your rate.

On top of the cash flow I’m being told each unit can appraise at 70K after renovation is complete. 1.

Usually its the appraisal contingency I've seen have the most impact on sellers when waiving in a bidding war situations.  

To be specific, we were waved the appraisal fee, no points, lowered percentage rate (to match a competitor bank) and half the cost of lenders fee.In the first Loan Estimate everything was incorrect.

Then an appraiser would need access also.And all of this should be the SELLER's problem! 

The appraisal was ordered on the second business day, and I had the purchase approval within the same week I made the deal.

In addition to paying more than list price, waiving appraisal contingency, and making EMD immediately non-refundable, some buyers are even offering to pay the seller's closing costs..... crazy times!

If you're only at 60% after purchase and rehab and you're living it, you could most likely refinance for somewhere between 75-85% of the appraised value since you're an owner occupant.