Once that first appraisal comes out he's pretty much stuck with it unless he can show they made a fundamental mistake, plus appealing an appraisal with the lender takes awhile.He has three options if he has a contingency. 1) Start from scratch with a different lender and hope a different appraiser sees it differently. 2) Borrow $120K from friends/family/private lender to make up the difference. 3) Exercise the contingency and give up on the property.The seller ought to know that this will be a problem with any non-cash buyer so may have to be encouraged to be patient.

Others go above and beyond and make up their own rules.

I give them a supplemental payment every month to make up for the extra use.  

Estate related sales make up some of our most profitable transactions so I would never discourage anyone from going for those deals.

Even a quick two week vacancy is half a months rent that you'll have to make up out of pocket.OTOH, if you own 10, 20, or 50 units, you can bet you'll have an eviction once a year or more often.

The ban was not lifted until legislation was signed in 1974 by President Gerald Ford.

Ok, what if they decide to do some bad things to the house, or make up stuff, how can we recant this?

I like to get a sense of what is going on in the various real estate markets, economy, taxes and legislative issues that might effect real estate.- Do you track or pay attention to all the data that comes out about real estate each week?

My biggest question is how do you find potential buyers to make up your buyers list?

I had to work extra hard to make up for it to support my family of five.