--Comps: Did appraiser adjust for the superior condition for your property? 

A house on a hill is seen as a big negative if it is a high grade.Now if it is just a long driveway on a casual slope and not hard to back out then it is not as bad.Some buyers that might like that are ones with seclusion, ones maybe liking to feel ego driven and that they are above ( superior) to everyone else, and or where you get an amazing view of something ( mountains, lake, ocean, etc. ).For the house is there a big garage up top or a parking pad??

I read it as a superior position not foreclosed. 

You can search Superior court deed room records yourself via a $5 for 4 hour access to http://gsccca.orgIts a pain to sign up. 

Superior Court (1974) 10 Cal.3d 616"Some background - The home is pre-1970 and I believe that it is not necessary to meet the building codes for older houses.

My understanding is a 401K, as @Dmitriy Fomichenko mentions, is a far superior for retirement planing in general and for real estate investing.  

First, there are 3 others that evidence higher value, second, the market is likely appreciating in a strong sellers market, and third, my end product is top notch and superior to any of the comps (most likely) which would allow me to obtain the $349k and likely $355k or higher, but with those comps, I would peg ARV at $350k.Now, in a buyers market, I would Only use the $329k comp and ignore the others, so the idea is that the market determines how one should evaluate and adjust the comps.

This is true some times, but in some scenarios, brand new properties end up producing significantly MORE maintenance/repair headaches than older properties.The reasons are:1) Some building techniques/materials are far superior to those used in the past, but some are not, and some are unproven.

Beach facing units and complexes tend to get higher rent, even though the amenities at Destin West are superior.

If you have a realistic investor that makes it easy for you to do your job as a PM, then you reward that investor with low pricing, consistent rental income, low turn over and superior overall service.