taxes are adjusted to new buyer and not prop13 rates for 20+y ownership.suggested rents are competitive with rents in the market ?

Also, no guarantees that if the inspection was done say June 1st, that by now in the areas where the cheap tax homes are, that further stripping, squatting or just plain old vandalism hasn't done even more damage, although the city may adjust the price for that, but if there's another 5 grand in damage to a $2500 house, that doesn't then make the price -$2500.00!!!

As for he insurance adjuster, it is standard procedure for them to inspect the loss.The contractor wants to walk with the adjuster to make sure he is not going to do work he will compensated for.  

The rate is adjustable on our heloc but through our credit union is only 4.25% at this time...

If I am reading your original post correctly, it appears as though you have either an adjustable rate mortgage, or you have a balloon payment.  

When you look at your appraisal, look at how the adjustments were made to the comps used to come up with the value of your house. 

While published sometime in the mid 1990's the numbers in the book may no longer be relevant, without adjusting for inflation, the precepts in this book literally helped me to see what changes I needed to make if I wanted to become a HNW individual.I studied, read, and re-read this book so many times there was a point in time me I would actually see the day deference in money choices laying out before me in advance of making investment/expenditure choices.

No prep work on the subfloor, it adjusts well to changing temps and also is extremely easy to clean. 

They are on a 20 year term, and adjustable rate. 

This option price will be adjusted and otherwise reduced over time, as set forth herein.Of the $2245 in rent payable each month during the 36 month lease, $1000 of the $2245 amount will be applied as further consideration to reduce the option and purchase price if and only if the Lessee exercises this option to purchase.Thanks for all the help - Ben