After multiple price adjustments, the price was dropped to $299,000, at which point multiple offers were made on the house. 

This will continue to adjust over the next few years until FEMA can stand on it's own.

A CMA from a realtor should give you what you want if they can also pull pictures for the comps so you can see what upgrades the comps have (or not) and make some adjustments on that basis. 

You really have to adjust to what our market gives you.

HelloAs a newbie investor, and one who is actively trying to fill gaps in my knowledge, I am curious to know if anyone is actively investing in the warmer climate states (IE: Texas, Florida).

There appears to be no adjustment for the degree of risk for the assets selected to compare, without that analysis no judgment can be made.5.

One "curve ball" (baseball reference courtesy of the World Series which starts tonight) in this calculation is: Do any of these loans have an adjustable interest rate?  

I adjust up and down for garages and basements and condition. 

And also suggest that if its a large concern that the people living there are not made aware that they are selling, then suggest that you "inspect the house as an insurance adjuster." 

The real answer lies in your 1040 tax bracket (your W2 income + Sch E) = Adjusted Gross Income.