@Eric Anzelone You may want to visit your local mobile home supply store.

I always assumed better flooring and other supplies would add to the overall value but the more I look into this it seems they are just comping square footage to comparable homes, bathrooms, rooms in home and not so much focused on what is actually done to the home itself.

Please PM me if you would like to hear my thoughts on the pros and cons (and also the pending questions that I have the sponsor).I can say publicly that I invested in a Portland deal earlier this year, and one of the things I really like about the area is the supply constraint caused by the new rent control law that was passed.

Unemployment: ideally, % is decreasing over last 5 yearsPopulation: 5-year population growth is increasingPopulation age: 5-year population age range of your target demographic is increasing Industry: ideally, no one industry is employing more than 25% to 30% of the employed populationTop employers: look up the top companies, determine what industry they are in, and calculate if that is a growing or declining industrySupply and DemandIs the supply of your product (SFRs or multifamily) increasing?

They added my supplied comps and agreed that my comps were correct, but they refused to raise the appraised value.

Supply has gone down.

Ask yourself this, if you supplied utilities, water,e tc for the tenant and you didn't pay the bills for it.

I assume the comps help but is there anything else you would use to determine ARV, and other than looking at the cost of building supplies, is there any other way to get a good estimate of rehab costs?

We have found that Laramie can be a very challenging market, partly because of the high demand and low supply of housing.  

How can the Housing "Market" go down, when there is too much demand, chasing too much supply?