Once you have the adjusted values of all your comps, you can either average them or weight them based on their similarity and then average them with assigned weights (appraisers generally just average the best three to six comps).

Here is where the model stands currently:Overall Criterion Weighting-Documents Risk Assessment - 30%-Relationship, Ease Of Funding Draws - 15%-Line Quantity - 15%-LTC/Project - 15%-Compensating Balance Requirements - 10%-Term Of Loan/Extension Handling - 10%-Rates - 5%The "documents risk assessment is further broken down into these parts to make up the 30% weighting:Bank Document Risk Assessment-Nervous Lender Clause - 22.5%-Cross-collateralization, cross-default, and/or dragnet clauses - 22.5%-Guarantees - 22.5%-Grace/cure period - 10%-Deposit relationships for security - 10%-Carve-outs for bad boy provisions - 7.5%-Relationship lending - 2.5%-Fire and casualty insurance - 2.5%The bank's risk assessment has yet to be included in the overall scoring, but J Martin gave us these resources to see whether or not the banks are solid:FFIEC Data - https://cdr.ffiec.gov/public/ManageFacsimiles.aspxFeedback here is valuable since scoring the banks is not my area of expertise.  

Shed some light on my thoughts!

Purchase price:  $33,830.86Acquisition costs (taxes, insurance, inspections, title fees, etc):  $4282.57Holding costs:  $2194.18Rehab costs:  $54,404.23Total invested:  $94,711.84Sales price:  $129,900.00Buyer subsidy:  $7665.03Sellers closing cost:  $8151.95  Total return:  $114,083.02  (plus $1795.86 commission return because I'm licensed)Profit:  $19,371.18 ($21,113.04 if you count the commission return)Not too bad for our first time, and the knowledge we have gained and contacts we have made are worth their weight in gold :)

The facing trim can be taken off carefully on each side exposing the rope and weights.

Dan S. can shed some light?

Maybe you (or anyone else) can shed some light on this, and let me know if I'm missing something?

No 60, 90 or 120 day lead times here, he's always been able to get it done in under 30.That relationship is worth its weight in gold - I can call him anytime for a rate quote, loan question, pre-approval letter etc.

I hear people here saying "You've got to know your market", and I think this rule holds 10x the weight when it comes to the city of Detroit.

The HOA won't allow vinyl wrap for the trim, although the siding for the home and shed are vinyl.