We’re working in a smaller market like Cornelia, GA, where comparable sales data can be limited, and want to make sure we present a strong case to lenders.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

Based on comparable listings recently sold I think closer to $650k there would be more interest.  

The rent-to-price ratios in many neighborhoods are strong, and the city’s population is finally growing again after decades of decline.One thing that stands out to me is Detroit’s median home price—around $95k—which is far below comparable cities of its size in terms of population.

Then, gather evidence like recent sales of comparable properties to support your case.

Step 3: Compare build plans / specs to decide what you want to build.

I know you mentioned other units are listed comparably but asking price is not the same as rented price.

I often see him comment on threads where Costa Rica is mentioned saying that Costa Rica isn't a good investment compared to the investments that he does for himself and others in countries like Mexico.  

I recommend comparing lenders to make sure you get some good terms and financing options for your next investment!

The bank does still ask for my tax returns each year and with each deal and my adjusted gross income last year was comparative to your stated cash flow from your rentals.