For example, you get the house under contract for $100K, you estimate the ARV based on after-rehab value comps at $210K, but you discover the house needs $90K in renovation.

I've done my share of quant analysis and drafting / reviewing legal documents in previous roles as an investment banker and an attorney, and now work with high-net-worth folks for the Private Bank of a major national financial institution.

Good afternoon ladies and gentlemen,As I prepare to get into the market and actually purchase a multifamily I have run into this financial institution claiming to help Veterans with getting a loan.I understand they are a lender but I would appreciate it if anyone else has worked with this group and willing to share their stories?

Our experience is that the ARV's in these areas are not reliable and the comps tend to be all over the place.If we look at what institutional buyers are paying here in the Midwest for similar deals to what yours will become is around $40,000 - $50,000.Always bottom dollar your estimate with the exit strategy.Just my opinion.Thanks and have a great day.

I discovered Bigger Pockets online and knew this was a great choice to really help me move forward with my real estate investment plan.

You're beginning to discover your unfair advantages already!

LOLI honestly can't think of a better explanation than @Brandon Turner's good ol' site realestateinyourtwenties.com.See: http://realestateinyourtwenties.com/blog/cap-rates...A cap rate is a tool used to discover the value of an income producing investment property.

I actually stumbled across BiggerPockets looking for legal services to advise me on wholesaling properties, and started reading in the form and discover there is a whole wealth of knowledge here and decided to join.

Is there a way for me to assume her mortgage and take that payment away so her lending institution won't use it in their calculations for her debt to income?  

Institutional pools can grow up into the $100 Million range but those are few and far between since there simply are not enough investors in the market who can capitalize such a trade and qualify as a counter-party to the seller.