CostsAsking price: $87,000Purchase price: $76,000Closing costs: $1,125Due at closing $75,300 (after property tax adjustments)ARV: ?

For instance if you make more than 110,000 AGI or adjusted gross income you can no longer write off your mortgage insurance as a deduction based on current IRS guidelines.

If you are clear on that, then I don't see any problem utilizing sales from a competing project to support condition adjustments.

We bought it at a 7+ cap so sale price was essentially price adjusted for the assumption.I would run two scenarios get the actually yield maintenance $ amount and add it to the purchase price and see what your model looks like after placing new debt and what your model looks like if the lender will give you a supplemental.What's your exit strategy and timeline?

Be prepared to pivot and make adjustments.

I made adjustments and Recently that has picked up.

When you refinance a property, it's already in service, thus no adjustment to depreciation.Special rules apply to primary residences converted to rentals.You should understand how refinancing a property will limit your ability to write off the interest.

The short term lease though allows you to adjust rents if you feel it's warranted as well. 

For the full bath, I thought it may be 1,500 & @J Scott said between 1800-2000, so I've made that adjustment.

These loans are not governed by Fannie or Freddie...so they might allow more seller concession...but they have higher rates, or they might be adjustable, or maybe even only on a 15 year term....and sometimes all three.