Try reworking the numbers with those adjustments and see what you get from there.

@Josh Van Lente They take the average overall condition of the property and find similar comps that way, if say 1 comp has neither of the units updated then it will get a positive condition adjustment since yours has 1 unit updated.

Please see below.Should I have a local attorney take a look at my lease and make adjustments to it based on the laws of my state?

I want the most as possible to have fixed rate 30 year terms, the least to have cross-collateral clauses, adjustable rates, calls, balloons. 

Make a line item list with dollar values on each comparable, so it adjusts out to the right value.

A lot of wind damage went unnoticed/ignored by insurance adjusters. 

Other options might be Geico (Government Employees Insurance Company), they're underwritten by Homesite, or Berkshire Hathaway....Their coverage is decent and the claim handlers were allowed somewhat liberal adjusting principles, in the last 1-2 years...

My questions are... does this mean if the as-is appraised value comes back much lower than offer, I would lose my deposit if I request price adjustment based on actual value?

Thanks for the comments @Trevor Scheiderer.Re-adjusting the numbers, to put %15 of rent into repairs and Capex and including %10 for management its looking like $115 in cashflow, with a %13.9 return. 

It's a good idea to know what the millage rate is for the property and adjust the taxes based on your offer since you have little control over tax assessment without lots of costly legal help.