No, you just need to adjust your strategy to find better deals.

I suspect such properties will be rather difficult to find.BTW - the PM is "built into" the 50% rule, so no need to make the adjustment with the 0.91 factor there.

How comfortable are people here in general with building specs in areas that can support new construction?

Your local Farmers adjuster will know who is good and the slick characters will try to convince you that your adjuster is trying to cut corners.

I'm wondering if your concern is really about exterior finish but rather the horrible and depressing construction quality and lack of architectural distinctiveness in loads of CA houses.

Appraiser will adjust prices for the comps based on the difference in size.

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Quite a few houses under new construction as well.

DON'T try to adjust numbers to satisfy current owner, this is business deal needs to work for both sides especially you, you are assuming all the risks.

This was inevitable, but still very interesting to see which big names are surfacing first.Builder Is Constructing REIT for Home Rentalshttp://online.wsj.com/article/SB10001424052702304451104577392383812726556.htmlIt will be interesting to see what other big players pop up in this space and in what capacity.I'd love to hear the group's feedback on this.For those pursuing this or serious about it, please let me know.