.#1 - Set clear goals, #2 - Write everything down on paper

It will be beneficial to achieving your goals.

They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.

Gotta be a setting for that. ok... so the next question is would the liability under those circumstances run to the title co?

You're going to get a lot of pushback from realtors; remember they helped the seller set the price, and are not going to like lowball offers.

Maybe they are implementing a broader set of data points.

If my goal is to refinance the property once it is rented and rehabbed, but I cant get a bank loan to pay off the hard money lender, what do people normally do?

I suspect they may be purposely setting the appraised value low to make sure there is enough of a discount so they sell at the auction. 

The government pays a portion of the rent directly to the landlord, while the tenant pays the remaining amount based on their income.Get your property approved: Before you can rent to a Section 8 tenant, your property must meet certain housing quality standards (HQS) set by the Department of Housing and Urban Development (HUD).

Hey @Felix Shi, your decision really should be based on your risk tolerance and goals.