Year 7 of gains...really, some adjustment is necessary to clean out excess Greed.

I should mention that modified adjusted gross income is over $100K.  

so, if you showed up to the house thinking it would be around $20,000 and discover the cabinets are new, but the electric panel is shot, you would subtract $2500 for cabinets, add $1000 for a panel,. and adjust your offer by $1500.

House prices, adjusted for inflation, actually peaked in San Jose around 2000 (maybe higher now since I last did analysis approx. 9 months ago).

So because I purchase a property at $79k, that automatically means it's ARV is 79k?

In order to get a higher dollar value on the condition adjustment against the comps, sometimes you need to have the comp downgraded from say a C3 to a C4.

They will then essentially be stored on your phone and played/accessed through the podcast player app without using any cellular data.For example, I use Downcast and in that app you just "subscribe" to the BP podcast and it will automatically download new episodes as they become available. 

It would not be the first time someone came back after a contract was made and ask for adjustments.

In other words, you do not automatically loose the property because your interest is inferior to the foreclosing mortgage.  

Most banks who are lending on the property will automatically underwrite $200-400/unit.