I am just on the tail end of my first investment and I am a little disheartened. Purchased a duplex property in very rough shape on the inside and outside. Completely updated both sides including, new furnaces, electrical plumbing, kitchens and baths. Outside got fresh paint, all new windows, soffits and gutters. I purchased the property for 49k. I have about 25k into the project. So my all in number was 75k. I projected my ARV to be at least 100k when I bought it based on the sale if a property 4 houses down that sold for 93k with zero updates inside. Ideally I would have liked the appraisal to come in at 95-110k on the low side and maybe I could get 120k on the high side, maybe. In any case, appraisal came back two days ago at 80k. I am really dumbfounded by this. How can that be. They even used the comp a few houses away. I paid cash for the property and i would like to get my money out to do it again but I am thinking of just walking away from this lender. ThIs Is a cash out refI Any suggestions?