Typically when running comps I stick to the exact match, for example comparing a 2/2 with 1000 I would compare it with a 2/2 that sold within the last 90 days, +/- 200 sqft, and within reason of the same condition.

Usually, this money will be more expensive so you'll want to run your numbers carefully and compare the various scenarios.

Since it is a relatively short term stay (3 months) compared to long term tenants.Do you still perform a background check?

Since it is a relatively short term stay (3 months) compared to long term tenants.Do you still perform a background check?

They cannot assume certain changes were made u less they have something to compare it to.

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.