It's not worth the extra 3 percent a year to them.I deal with older clients and they want EMOTIONAL piece of mind that their estate will help their children and grandchildren to a better life after they have passed.

And it's a selected piece of land that can add most value to their property.

Hi Karin,The above you mentioned used to be the case with FHA flips that were probably ear marked to be sold to Wells Fargo as one of their secondary market conditions was two appraisals if the sales price was 20% or higher than the acquisition cost when documenting the 24 month chain of title.I understand your frustration, they (Wells) just want to make sure that banks on the origination front do their proper due dilligence with valuation and documentation of the value to ensure that they will not have to buy back that paper from the correspondent lender (unless your dealing directly with Wells Fargo).Its hard unless you ask but if you find a banker who is originating loans and directly selling/servicing their government loans to Ginnie Mae(GNMA) then they may not require you to have the two appraisal and additional procedures because its not necessarily a GNMA requirement but rather banks on the front lines trying to reduce their risk and requiring these additional steps from you to protect their behinds.Generally you may find that on Flips they may need the appraiser to go out and certify that the property also passes FHA's health and safety standards as well so dont be surprised (double strapped water heater, CO detectors, etc).In the past I've had to show excel break downs of work done, invoices, bill of sale's, and others too but that was back when New American Funding sold the paper to WF (not any longer =).

Tenant moved a heavy piece of drawer and the path that it was dragged in has a huge  line which shows the damage.

This really helped me put the pieces together.

Am I missing a piece in there somewhere?

As it turns out a piece on the dishwasher was broke flooding the kitchen every time the main water line was turned on.

Sometimes you can cut a small piece of carpet to see what the floors look like underneath)Scotch Tape - (mostly for posting notices)Printed & Blank SignsKing Size permanent market - (for writing up signs)Camera - (we use our phones but also a Panasonic HD with external audio hookup.

The missing piece, which if you find it, could take you from a dreamer who isn't taken seriously on here, to reality where you are cashing checks.The missing piece is "Holding Power"- How can an investor hold on to a property in this "target" area without going broke before it happens?

I've had a number of vacant lots offered to me for free before (though they were usually such odd pieces of land, they weren't even worth the trouble).