Generally it's based on the city, but you'll want to check both city and county. 

Hi Austin,Insurance business is complex, and I wouldn't rely in an agent that is asking you to leave things "as is".In my case, what worked is to build relationship with at least 3 to 4 agents, so I can easily email my portfolio and they quote me based on that.

Found the link below that is interesting and describes market-based pricing.

Has anybody had a situation like this before or able to provide more color on best approach / details?

I'm based in the Lowcountry of South Carolina.

Merchants Bank MN See Pavel UshakovPenFed - max 3 other properties, 89% LTV Regions- yes HELOC but no LOC SCCU Florida 70% LTV, 6.25% interest only, not LLC Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”S&TTCF BankTD Bank TIAA Direct was EverBank Tower FCU, all states except TX, max 45 DTI, green card ok.

I actually work in Huntsville on the base.

Specifically, do you look at comps on the market or try to find what value would be based on the cap rate? 

He worked at a military base 2022-2023, but his paystubs are from 2022?

They are unlikely to be in good areas, so you won't get the expect ROI results.There are several lenders that will fund acquisition+rehab transactions based upon the After-Repaired-Value (ARV).