I know we got more money than that into the property. That certainly would be a great deal for someone to get a house that don't need any work at all in this kind of shape and get a mortgage for about $1000.00 per month. Sure, why not. What a deal. People are paying that kind of money and more for a 2BR apartment. The reason why the appraisal is low is because of the area I live in. It is mostly old converted camps which is not a problem for me, it's just that the other property values are lower. Maybe this guy is low. I will know when I get 2 more done.