We run into the second apprasial issue all the time, I believe FHA rules are if you sell withing 180 days a second apprasial is required (and the buyer isnt allowed to pay for it) If the house appraises you shouldnt have any trouble, there is a caviet in the rules about too many transactions or pattern of flipping in the previous year I believe, where FHA wont finance.

Get a mortgage broker involved to give in depth workings and stress the return of money before the return on money.You could do the same thing one on one, introduce an attorney who will work with you.As a Realtor you can say that you can see the possibilities, identify great deals, but you can't really address the internal workings, underwriting aspects, risk, so get a center of influence who can and do so with authority.

So, my point with all this is;Financial leverage is good during periods of growth, growing a business, in RE you can make a return on the lender's funds while using your money to expand holdings.You need to identify your cost of money and opportunity costs, if your money is more valuable than the cost of borrowing, borrow all you can.Equity is an idle asset in the walls of RE, it only grows at the rate of inflation unless other capital improvements are made, but while that increases the value the return may not increase and if it does, it will at some point decrease over time economically.

I'd say look to others and how they performed in your market and pattern your goals a little higher, if you miss them, you'll likely turn out to be as successful as those you follow, or better!

And to do that you need to get the historic use pattern for the house from the water company.

You can identify the median price for say a 3BR 1BA in an area, and then whenever a 3/1 or 3/2 pops up listed below that median, then you can pass that along for consideration; or you just look at it more closely to see what ARV would be.

Now that there is at least one website out there where tenants can review their landlords, the landlord's capabilities will start to become searchable on the internet to ease the tenant's concerns.The ones looking to hit the jackpot via lawsuit - with enough dealings with tenant prospects, you can start to identify the characteristics you're seeing to the degree where you don't even bother with those types of suspects prospects.

A good prosecuting attorney will identify an attempted scapegoat, it’s just a matter of how well the defendant created a legal mess and what it will cost them to get out of it.

In an area with a normal pattern of growth, medical office space is a growing niche as the baby boomers age, etc.

A successful person who has money to invest will usually be known in the community and most will never risk thier reputation associating with someone who is identified as having questionable ethics.