There is no requirement for any lender to accept appraised values without considerations in other aspects of the property conditions or values or any other common sense matter.

Pretty common here as we get ice storms.

@David Putz It is pretty common for the borrower to not trust in the servicing transfer.

Don't get me wrong, I think having cash reserves is just plain common sense, but this may come as quite a surprise for someone who hasn't planned on this.

The more common reason for failure is the indivual does not understand how to estimate ARV or rehab and locks it up at the wrong price, or marks it up too high.

Common sense would indicate that in hindsight I should have gotten a second opinion.Does anybody have advice on this?

Any tips, advice, pitfalls would be greatly appreciated!

My last "landlord" related call was from the police department because a tenant kicked down the common door and their apartment door because they lost their key.

People do ask about technical stuff too, but it is not common in my experience for the accredited investors we work with to worry about the minutiae incessantly.Having said that if we're going to use a Regulation D exemption it appears we need to do much more to reasonably verify accreditation and comply with the new safe harbor provisions.

Brandon,You're dealing with one of the most common and frustrating aspects of investing: Trying to figure out how to justify purchasing with lousy cash flow.