Yes, you absolutely need to adjust the comps for the differences.

I can refer you to Joe Allen with Realty Absolute.

Don't get me wrong - the job we were doing there at the time was absolutely vital, but the accomodations were nice.Long story short (too late, right?)

My expectation is to have a minimum of $1M working and get that amount higher over time.My exit will be any number of the following: Note matures, borrower pays off early, sell all or portion, note becomes NPN and foreclose or deed in lieu.As exits come earlier than the full term, returns increase, they negative is that I must find new notes to re-invest that principle and portion of interest.Now, on the flipping topic, I can't say with an absolute fact that each and every item of expense I put into each rehab flip gets me both my money back and a return on that capital, but it is pretty hard to argue with success and I have been successful doing this for many years on very high dollar figures.

@Hal Thompson You're absolutely correct.  

 - No basement unless absolutely required -- concrete is expensive

I just joined a great group of investors that are absolutely KILLING IT nationwide!

I just re-read and I'm a bit hesitant to speak absolutely, but if these are your first 4 investment properties you are looking at tomorrow-DO NOT PLAN ON WRITING A CONTRACT ON ANY OF THEM. 

Manny BPs have warned about the risk associated with it on this post and they are absolutely correct .

It is absolutely impossible or nearly impossible to hit the 1% rule (monthly rents to purchase price) in 80-90% of Bay Area properties.