A bundled product, by definition, does not give you much flexibility to make course adjustments.

Rate adjustment at 5 years and a balloon in 10.  

This valve looks identical to a steam radiator valve. 

I realize I'll need to factor in the cost of the improvements that will lead to this increased rental income, but just looking for opinions from folks who may have run into this in the real world and how you've adjusted your reserves accordingly. 

I think you need to adjust some of your numbers, though:Vacancy might be a touch high, but this is super local.I feel better with Repairs and CapEx at 7.5% each.The taxes are very high.

But when calculating NOI, cap rate and property value, I wonder if the income from the furnished rentals will be adjusted lower because the increase is a result of the furnishings.I may refinance or sell this property in the next couple years so I need to be extremely mindful of how this affects the valuation.Any advice would be greatly appreciated, thanks! 

What adjustments did he make to that comp in particular?

We did most of the work ourselves, which translated to lots of late nights while kids were sleeping, but after a while you adjust to the new normal.

But most lenders holding the loan would adjust rates and possibly some terms of the loan and still finance the property.

These are simple and easy numbers and agent worth salt can give you.You may need to adjust your expectations?