They probably won't be.An appraiser will apply an adjustment to the comps to adjust for difference in per square foot prices.

Yes, but real estate is an extremely cash intensive business.

When the OP first appeared, I almost wanted to say why are you trying to offload the easy part - collecting that rent check - and do the hardest part, weeding out the riff-raff of the tenant pool.The thing about the good quality tenants is that they tend to be less management-intensive, meaning that if something small is wrong you'll be told or they sometimes just have it taken care of themselves.

For those that don't have a feature, you make an adjustment to that comp to bring it in line with the subject property, but you should not make adjustments that total more than 10% of the sale price/value.

The stench in the house is truly intense.

I'd probably get an answer to my last question first, and then tell the seller that if he can't prove to your satisfaction that a complete tear off was done you are heading down to the city offices unless you get a price adjustment.

The market will force you to adjust the plan.

They sound like a tenant worth keeping (they pay the rent) so maybe they will prefer to stay and adjust how they live.Good luck with the conversations with the person.

This was back when I was an insurance adjuster and had to inspect vacant, foreclosed rental houses in Chicago.

Most concepts translate well to my individual investing adventure.I do think that those starting out who can work in a field that is numbers intensive will find it beneficial to their REI.