This is the same LLC and address that I use for 10 other services including competitive SMS services.So we gave them a new LLC and they finally got us up and running about 3 weeks later. 

If you price the deal based on the current rent roll, you will not be remotely competitive in your offer, since many other investors will price it on $1,600/mo, with a small discount to account for the remaining term of the existing leases.On expenses, as noted, what seller pays is likely very different than what you will pay.  

I think they are grasping at anything they can to make up for competition and direct bookings coming on strongly.

You can easily check the competition and get that info.

The expectations are that any reduction in interest rates of even .25% will accelerate buyer and investor activity and competition. 

For me I can't say I think about my competition.

I would make sure you are doing follow up's because a lot of your competition won't.

The area is becoming saturated and the only way to stay competitive in the area is uniqueness.

For example, Fountain Square or the Near Eastside will jump to 30 days on market around Halloween, despite the fact Broad Ripple or Fishers will remain ultra-competitive because of their respective higher demand / low inventory. 

For a cash-out refi in Cambridge, MA, you may want to look into local lenders, credit unions, or regional banks, as they often have better knowledge of the local market and can offer competitive terms.