I'm starting to do a lot more FHA 203K Appraisals again due to the abundance of Bank Owned Properties and Short Sale Fixer's out there.  This is a great loan for those wanting to buy a fixer and have the repairs completed before the close of escrow.  The buyer of the last one I completed closed escrow with $60,000 in equity because the sales price was based on the "as is" value, not the value after the repairs.  You can gain thousands in equity with just a little paint, flooring and new fixture (sweat equity).  These 203K loans were popular after the Savings & Loans Failures in the early 1990's and I that's when I first started doing these types of appraisals.