Also consider that the general rules can be bent when dealing with a complex property - a property that is large, waterfront, or in some other way unique.A good comparable has the following features:Distance from the subject property (normally .5-1 mile)Time of the comparable sale (normally within 6 months - some underwriters want a couple within 90 days or so)Physical Similarity to the subject propertyI hope this gives you a basic understanding of what to look for.

What is the physical setup?

Technically it's just a lease until they exercise the option.

My company will do all the physical work to the property.

Large companies do sometimes exercise their breakers and conduct thermal imaging to see if any breakers are hotter than they should be compared to the other breakers.Are the terminals in the panel burnt?

Physically the pictures are ok but there is a little issue with what you took pictures of. 

This would avoid the Due on Sale Clause in most situations.As for your consulting I would exercise putting that into the LLC.

But the purpose of this exercise was actually to attempt to validate how accurate those estimates are.

Basic for would exclude much more than that and are often disguised (the agent's selling basic form hope you are more concerned about cost than coverage, and many RE investors fall into that trap).On a basic form you would lose Weight of Ice and Snow, Falling Objects, Water Damage (Think broken pipes), Collapse, Theft and Risk of any other direct physical loss not excluded on the special form policy. 

Hello@Jerron Horn CEO,I'm fairly new to the business as well, but from what i'm reading and learning is that you'll want to gather as much information about the owner, the financial and physical aspects of the property as you can.