Rehab Reveal

I'm glad to see the refi appraisal came in at $120k, but I've got to question the assumption that it's a true reflection of the property's value. We've seen some fluctuations in the Lexington market lately, especially with the suge in new construction. Can you walk me through the appraisal process and the comps used to determine that value? Additionally, what were the original rehab costs and how did the plumbing issues impact the overall budget? I'm also curious to know how much capital you actually pulled out after accounting for closing costs, interest, and other expenses. You mentioned $15k in capital, but what's the real number after all the dust settles?