I look at the following:House type: If the subject property is a rowhouse, your comparable must also be a rowhouse, etc.Size: within 15-20% of the same size of your subject propertyBeds: Subject property and comparable property should have the same # of bedrooms (otherwise you'd have to make adjustments and if you have no experience with making adjustments, this can mess up your estimate)Baths: Should be the same #, but there is a little wiggle room if you can't find enough comparables.

If you take the property with squatters, adjust your purchase price to account for less valuable property condition.Cash for keys - the money you would pay a lawyer and spend on holding costs, you give the occupants when they're gone.Evict as a hold-over tenant. 

If you have a compelling argument, often an appraiser will make an adjustment.

@Adam L. 1) you can't be afraid to raise rents to market rate (assuming you're city/state doesn't cap rent increases), each year your expenses on the property are going to adjust for inflation so your rent should too.

Should I take the money and adjust our plans, our look to another bank?

I would only use this money short term as the rate is adjustable.  

If Using Heloc with BRRR (Not Refi)Does anyone know- if investment costs you - (example) cash $75K(COE, Deposits,Rehab,Carrying..) and after Rehab you HEloC back $60KHow should you adjust your spread sheet-to reflect  ROI ?

@Kelsey Folger you can use a ratio utility company that adjusts the usage based on number of people in unit.. they do the same for water...Ratio billing it’s legal and fair... family of 5 pays more then a one person rental... you can apply that now... look into it...

Bank agreed, offered us 15% down ($30,000), 5.25% loan APR, amatorized over 20 years, adjustable after 5.First commercial loan for us but seems like a winner to me.

We as investors need to know the law and adjust our strategies going forward.