When I pull comps, I use nearby and recently sold ( within 3-6 months ) properties with similar or matching bed and bath count, and as close to the same sq. footage as possible.

I am interested in possible doing a fix and flip or my first burrrrr 

We do fix and flips with 7-10 projects going at anytime. 

I love the idea of fix & flip right now @Abigail King, especially right now here in Chicago and I am sure it is similar for you in central Illinois -- it's winter so there are way less buyers and if you can get under contract soon you can likely rehab over the winter months and hit the spring market!   

I have done fix and flips in Columbus where appreciation is strong, and I own a duplex in Toledo, OH where the price to rent ratio favors housing providers. 

If you do, figure how many of these things you’d really fix, what that would cost, and how much of that you’re willing to cover.

I currently have a 30-yr fixed rate mortgage on a single family home that is my primary residence.

Investment Info:Single-family residence fix & flip investment.

And it doesn't always match up to half the mortgage since the mortgage has nothing to do with rental rates.

I wasn’t notified about this change until I saw it myself.When I asked why, they said the home inspection found some issues that were fixed and re-inspected, but I’m confused why this would result in a rate increase.