I don't stop matching people to properties, just might have to adjust where the money comes from.

As part of the new law, rent boards will no longer adjust rent calculations for vacancies of regulated units.

While it looks impressive to a client.....probably 40 pages of data, color graphs, etc.....it usually is a product of “garbage in, garbage out”.Personally, I used a simple spreadsheet and compared the subject property to all the comps, adjusting for sf, pools, garages, etc.  

I think the piece that I'm stuck on is the adjustable rate but I can get past that since I would plan on paying that balance back once I rehab and refi. 

I like the idea that we can adjust the rents to whatever level we need to keep the renters in the space, and we will more often have a positive cash flow. 

Example: 75% LTV appreciates 2.5% in the first year and you have a 10% return on your investment and a return that is positive in inflation adjusted dollars. 

Some forced air is affected by the vents you could try having them adjust each air vent.

So if you plan to flip or wholesale, adjust accordingly.

Your profit (and associated tax) are determined by the difference between your adjusted cost basis and net sale price. 

If it seems like people are put off by excluding utilities, you can always adjust.