This way each party is fairly compensated for their monetary contribution as well as they work they do in the business because those things will not always be equal or comparable.

Compared to most flips, this seems like a smooth process.

being a high volume transaction company we do see this alot.. more so in the mid west were values and buyers tend to be a little tougher to get to the finish line especially first time buyers   compared to high priced markets .Nothing more frustrating for a buyer though to be hooked up with the lender that low balls you but cant perform and your out thousands. 

Then compare those properties' asking prices to their last sale price (or appraised value) if they have sold recently.

Charlotte is enormous compared to Asheville.

The hardest part for me is finding something comparable in my area that is currently renting.

I like to study and review appraisals to help me better understand how to analyze a good comparable.

Obviously, trying to find the units most comparable to the one I'm analyzing.

Make sure you review all the leases and compare to bank deposits if possible.

What rent are you attempting to get and how do the finishes compare to other units on the market.