When I implemented this change over the last 10 months or so, I exlpained it a little differently, while our motives were identical.

Also remember any recent comps of an identical unit is listed at 1200 square feet to boost the price/sq. ft.

innova,I have many rentals with almost identical rents here in Ohio.

In other words, same bedroom count, same construction quality and style, same size, and, most importantly, same neighborhood.It doesn't have to be an identical house, but it needs to be reasonably close, and it needs to have sold recently enough to matter.

I recently sold a property for which I sold the identical property right next door 5 years ago at the peak of the market.

In my case a previous landlord had signed an "affidavit for verification of rental" or something similar.

As a lender, if I see someone with half a dozen accounts for minor purposes, it tells me they can't manage their money, they are willing to pay more for accounting services due to multiple accounts (another poor money management aspect) and it makes more work for me getting verifications of all the small accounts and computing your financial position.Hope that made cense.

Originally posted by Greg Hall: While the 90-day rule itself is not in effect, most investors(by investors I mean the purchasers of the loans be FHA,VA or USDA) make it extremely difficult by requiring 2 appraisals, list of repairs and improvements or even in one Mortgage Brokers case would not even allow the property to be under contract prior to 90 daysBased on FHA guidelines in place since February 2010, this additional verification of value (second appraisal, list of repairs, etc) is in place for 6 months, not just 90 days.

Every property is unique, every property is different, no two properties are identical, even in condos, no property can occupy the same space as another, which is the location of your subject property and to every location there is a value

What I find is that most PMs have almost identical contracts and fee structures give or take a percent or two.