@Leland Smith Yea we all have different rules.

Rules of the exchange are about intent and use of property, not quality or type.

It worked as planned, but need to have a firm understanding of what the bank will and won't give you, what rules they have, and ten live at the mercy of their appraisal.I'm always happy to discuss the area, so if if you have any specific questions, just let me know or feel free to send me a message directly. 

It's actually well supported and the cabinets don't stay that narrow the whole length.

depends on location, in a city they should be within .5 mi, in a suburb 1 mile and rural  5 miles but unique properties can be stretched further, I have done thousands of BPO's for banks, the rules were 3 listed and 3 solds, within 20% speck and similar condition, and make appropriate adjustments for differences, there is more art than science to it.

I recommend contacting an attorney to ensure, see if there are any city/county/state rules that you haven't considered, and you can get a local lease from them.

As a rule of thumb in Columbia, I look for condos with HOA fees under $200/ month. 

The current comps support an ARV of $210,000 to $225,000.

@Patti Robertson, Thank you for the added support and knowledge that you have brought. 

To get the desired protection, you have to follow some rules to create a separate identity of the LLC such as maintaining it's separate book, singing all the lease in its name, and more.