I don't qualify for a loan mod or refinance my income is way way way to low compared to this expensive townhouse.    

Our maintenance expense in newark historically runs about 10% The 6 family buildings can be the toughest to manage and fill as compared to larger 10+ units or 2-3 family homes.

But, when you compare that property to the market you do not add or subtract values to the subject, you do that with the comps bring the comps in line with the subject property. 

The value of each is determined on its own, then they are compared as alternative paths to take. 

The last 5 homes sold anywhere from 58 to 68k the closest home comparable  was sold for 65k.

There isn't any heat ducts shooting into this hallway so it's going to be really cold compared to the inside of the units.  

But this year I would like to price compare them.  

I had to ask multiple times to get them to admit the annualized rate was around 18%.Their points and fees were also very high compared to other options.They claim to fund 100%, and they might.

Also make sure the Fees of the HOA are inline with your comparable sales. 

There are probably just as many things that can go wrong in a renovation and comparably speaking as much financial risk when they do.