@Joe White:I would try to check with his insurance carrier to see if there are any coverage for situations like this. 

Trying to avoid having the GC act as a purchase agent in addition to top end coverage.

Instead, they really just care about experience, FICO, and the subject property's cash flow (DSCR aka debt service coverage ratio...

Related to this, I think one of the most important metrics is Debt Service Coverage Ratio, which compares a properties Net Operating Income (NOI) to your monthly payment.

I would pick my own comps...duplexes....similar age, size, area, etc.If you don't have enough duplexes you might add in 3s and 4s.....then look at yields...I would say 90% of the time my investor clients and myself included don't care about the comps so much on multi.....I care about the numbers.What is ConC, what is rent coverage, ...really all I want to know are rents....also who pays utilities, how long have tenants been there, are they current, do they want to stay, and condition of the property.   

A really popular loan type in this space currently is the DSCR loan, or Debt Service Coverage Ratio loan.

@Dustin Sanders    As mentioned, the Debt Service Coverage Ratio (DSCR) will only look at the income the subject property is bringing in.

Basically it's not the Loan to Value killing deals its the DSCR (debt coverage ratios) i.e. backward looking values support the loan amounts however the debt expense is up 25%-40% from 9 months ago so the interest cost is killing deals. 

Key physical deal killers,  Utility access, roads, storm ponds, storm sewers, coverage %, Fire hydrant access, Floodway, Flood plain,  etc. 

It's not all inclusive, be should be a good start.REI - Real Estate Investing: This acronym refers to the practice of investing in real estate to make a profit.ROI - Return on Investment: This acronym refers to the amount of money an investor can expect to earn in relation to their investment.CMA - Comparative Market Analysis: This acronym refers to a report that compares the prices of recently sold properties in a specific area to determine the value of a property.NOI - Net Operating Income: This acronym refers to the income a property generates after operating expenses are deducted.CAP - Capitalization Rate: This acronym refers to the ratio between the net operating income and the property's value.LTV - Loan-to-Value Ratio: This acronym refers to the amount of a loan compared to the value of a property.FHA - Federal Housing Administration: This acronym refers to a government agency that provides mortgage insurance to borrowers.PMI - Private Mortgage Insurance: This acronym refers to insurance that protects lenders in case a borrower defaults on a loan.P&L - Profit and Loss Statement: This acronym refers to a financial statement that shows the revenue and expenses of a property.DSCR - Debt Service Coverage Ratio: This acronym refers to the ratio between a property's net operating income and its debt service.COCR - Cash-on-Cash Return: This acronym refers to the annual return on investment, expressed as a percentage of the total amount of cash invested.BRRRR - Buy, Rehab, Rent, Refinance, Repeat: This acronym refers to a real estate investing strategy that involves buying a property, rehabbing it, renting it out, refinancing it to cash out, and repeating the process.HML - Hard Money Lender: This acronym refers to a private lender who provides short-term loans secured by real estate.MLS - Multiple Listing Service: This acronym refers to a database of properties listed for sale by real estate agents.ARV - After Repair Value: This acronym refers to the estimated value of a property after it has been repaired or renovated.PITI - Principal, Interest, Taxes, and Insurance: This acronym refers to the monthly payments a borrower makes on a mortgage.HELOC - Home Equity Line of Credit: This acronym refers to a line of credit that uses the equity in a borrower's home as collateral.RTO - Rent-to-Own: This acronym refers to an agreement in which a tenant rents a property with the option to buy it later.NNN - Triple Net Lease: This acronym refers to a lease in which the tenant is responsible for paying all operating expenses of a property.NDA - Non-Disclosure Agreement: This acronym refers to a legal contract that prohibits the sharing of confidential information between parties.