I'd just budge for the higher amount, and then if you get luck with the lower valuation, then that is a bonus to you and not an economic decision.I agree with you that in many cases the tax value is lower than the market value, but I've seen way high and way low and sometimes right on. 

Then figure out how you are going to proactively protect your self (really good inspection, additional cash on hand, round up in repairs, get solid contractor quotes,strict tenant screens guidelines, treat tenants well so they want to stay, etc).

We keep going back and forth whether it makes more sense to try and round up the cash to put down on building our dream home on our property, or whether to build the ADU and start renting out the primary house while we put our dream home on hold.

The good is that We learned a lot of lessons and hope to get an even better deal the second go-round.

This board is teeming with people who consider appreciation a "bonus," but ask anyone who's been at this for more than 10 years and they will confirm that appreciation and equity is what creates freedom, wealth and passivity in the long run, cash flow is just a tool to get you there. 

Everyone asks about a private bathroom but the rent bonus for it is only 50-100/mo.

I was wondering if a private or hard money lender would be willing to do a 15% second, then I would come in with the final 15% plus closing costs to round out the acquisition.

Hello,I have a question related to getting accelerated depreciation. Assuming I meet the IRS guidelines for a real estate professional, can I do a cost seg and claim accelerated depreciation for a fix and flip propert...

You can use these loans as investment loans but if you apply for the loan as an investment the lender will typically require that you pay 20% or more often 25% if you're new to investing.People get round this by house-hacking - that is living in the house first and renting out portions of the house.

We are open year round but majority of income is made seasonally so we want something that makes the most sense for our business. (2) My wife is self employed at the salon we own.