Namely, the adjustable rate.... 

Adjust it for other obvious things, new gutters, a driveway, etc.

Saw this article today, and it's a great sign of a thriving city; Minneapolis getting the fastest Internet speed in the world: http://minnesota.cbslocal.com/2014/12/23/us-intern...

Adjust for knowledge of what the expenses would be (i.e. older properties have more expenses, taxes are higher/lower in certain states).

Focus on demand over the next 5-10 years, then adjust as needed.Cheers,Chad

I have a single family rental right now.Vacancy adjusted, I bring in $21,000 a year in rent.My annual expenses are:Property tax: $3200Insurance $900Washing machine $500Plumbing repair $250Irrigation turn on and turn off (I do myself, but otherwise it would be about $150.Total $5,000

I bought a commercial property valued at 95k..adjusted some expenses then rented a vacant unit and suddenly it was 'worth' 195k a month later.

They must respond and it is common practice that the boilerplate parts of the standard NJ RE contract get adjusted in review like for time is of the essence.

Condos always have loan level pricing adjustments (typically LTV reductions too) and I'd assume that the friends you talked to were refinancing single family homes, not condos. 

Some of the adjustments to projections we are making at Blue Lake to account for our unprecedented time:- We review returns assuming no rent increases for 12–24 months- We assume a higher bad debt (delinquencies) up to 4 times as much as current delinquencies- We assume 2–3x higher vacanciesThe bottom line is that investors need to be comfortable with balancing the weight of potential short-term risk with the weight of potential long-term rewards when examining a transaction.What Factors Should You Look for as a Passive Investor?