The reason I'm considering this, is because I'm planning to purchase a 2nd property, and feel that my current prop mgt company knows more as far as neighborhood, rent potential, repair, etc compared to the regular real estate agent.Any thoughts ? 

I used the comparables available for each year, to price out what a 1500 sqft home (renovated) should sell for at that time.

Although I'd love to say they are the same, I am pretty sure my experience compared to yours is like comparing SF to NY.  

Hey @Robert Walter, I grew up in Bay City and was a supervisor for Chemical Bank's REO Dept in Midland.

A POF from a convential lender means you have passed the lender's credit and income criteria, and if the property appraises high enough, with no title issues, financing will be available.Since hard money lenders place much more emphasis on the property securing the loan, the POF letter ranges from significantly less reliable as compared to a letter from a conventional lender, to outright worthless (some hard money lenders provide a form and you fill in the blanks, i.e. no real approval).

Possible Comparables?

It is just a good time for them to sell and net more with the exchange rate," ".... a lower loonie compared with the U.S. dollar is causing a reverse flow, heating up the sale of Canadian-owned homes in the United States"Read Article

The property manager should be able to sort through and pick out the ones that you can compare to, and if there is a question on the house and why it was priced like that, then call the other agent and ask.

Hi Jonathan,If you're thinking of investing in the US, make sure you think through currency fluctuations and where the US dollar is trading as compared to the Canadian dollar.  

I would first figure out just exactly how much it would cost to get it to where you expected to be, then compare your profit you would expect to get should you sell it then.