We're in a situation where we're trying to buy a SFR (we plan to turn the walk-out basement into a separate apartment to rent out, while we live upstairs). 

My husband and I own 2 SFH in South Philly that turn an amazing profit because we bought at the right time.

Should I get a new appraisal before turning it in to the county or write in an explanation that the dining room is not a bedroom and not worry about it b/c despite the # of bedrooms it still appraised much lower than the assessor has it?

Right now when I do lease signings tenants sign and date each page of the property condition report, then I take it home, scan it and email it to them, asking them to reply that they received it. 

People interested in renting will drive by anyway and see the For Sale sign.

Hey BP, I'm looking into a 455k 11% cap turn-key 7 unit fully managed off-market property in Southern Chicago, and I'm trying to figure out if I'm doing something wrong in my analysis.

I want to turn this business into a consistent cash-flow business and buy/flip business.

Let me know how it turns out.

The system can be programmed to turn on when the user is home and off when gone. 

And if I can sign a contract.