Hey Ryan, first off thank you for going so far in depth on this.

Quote from @David Song: Quote from @Jay Hinrichs: Quote from @David Song: Quote from @Bruce Woodruff: Quote from @David Song: I am tempted to offer at around 740k range.

(Side note: when it's under 7 average days on market, "The Heat Is On" is the ultimate song for agents to play as they drive their clients around looking at properties).Soon, we came to a property that was love at first sight.

I've been doing this for going on 10 years.  

It's on like Donkey Kong in a thong singing a song. 

Somewhere along the way we've allowed the perverse idea that "work is something to avoid" - to paraphrase my own song (©JD Martin/Rhythm Brewers)- to become so pervasive that a whole generation of people are looking for how to have a good life without any effort.

Thanks for going thru all these details. 

I would have to know the market to an extent that I believe my valuation is as accurate or more accurate than the appraiser's valuation for me to forgo an appraisal (in my market at one time I felt very confident of my valuations as I had actually seen the units that the appraiser was using as comps and had far more familiarity than the appraiser). forgoing the appraisal was a big mistake and resulted in you paying way too much for the property. 

It allowed one to forgo principal and interest payments, thereby increasing the loan amount by increasing the LTV.    

Ive been fasting for going on 3 years.