I will fix up and sell for $250kLittle did I know that no one who has $250k will be willing to live in that area.My point is A house is only worth what others are willing to pay for it.It makes no difference how much money was put into the houseBEST OF LUCKP.S.

As a novice investor living in an area with one of the hottest housing market.

However, we have a tenant who has lived in one of our units for 16 years.

He chose the most expensive way to get his license and parlayed it into a minimum wage job until he was a journeyman electrician.Tinian took some time to figure out his path, but is now on the way to financial independence, living the life he wants on the terms he chooses.

I'm trying to be as familiar with my target city as I am with the city I live in and I'm finding it to be a little difficult as I'm on the other side of the country in NYC. 

I have been investing in northern Alabama markets for a year now but finally made the move to live down here.

Do you want to buy an investment property for your daughter to live in while in college?

(to live then maybe sell in 5 years)   The homes are nice but the area seems to be lacking...

Anyway, several administrative things you can do (no particular order):Send appraiser before pics Provide rehab list of work doneRun your own comps and let the appraiser know where you think the value should beBe present for appraisal and show work doneGet house professionally cleaned (someone who does this for a living, not tenants). 

The city has halted all new short term rental permits, and all signs point to the fact that only the owner of the property that lives at the property will be allowed to get a short term rental permit when they resume (if they resume) issuing permits.