I purchased this from my sister below the appraisal value of $146k (benefit of no realtors so she gave me a deal), but they also did not take into account the re-done basement and $10k hardwood floors my sister put in because they did a desk appraisal.

Your family member should still benefit from a lower rent payment regardless.

@Raj G.I think that could be a great benefit for you.

However, he is fairly cheap and I think he will take a unique deal if it benefits him.

., but your eventual success will be most benefited by a strong and supportive mentor who you can train under.

@Whitney Hutten I would also appreciate understanding a little more the benefit of hard money vs your own capital!

Doing so will negate the benefit of the rate drop, but at least I'll have PMI that will disappear eventually. 

Benefit of the doubt is great, until they prove the opposite.

It is very effective at paying for benefits like retirement funds if you want to go that way.  

The benefit to us was we learned how to live on a limited budget, and we created a strong foundation for investing in the future.