I had my first meeting with my accountant and she recommended NOT going with a cost segregation.

And because approval is not required it usually happens the first town meeting and you now have the right to market and sell individual lots.  

From my experience investing in mid-tier and luxury hotels much larger is you need about 70% to make ends meet, you start getting happy about the investment about 80% and around 85-90% you fell like you are a genius. 

—and prioritize applicants who meet the criteria but also have a solid, reliable rental history.

Obviously meet all safety requirements.

Limited inventory typically drives up prices for both rent and equity, as high demand meets low supply.

Like Jonathan said, in-person meetings with other investors is the best place.

Plus for Bay area folks the fact that you can scoot over and meet them in person is a plus.Good company  and if anyone can make it work in todays market its them .. in my opinion and again I am an investor so take that with a grain of salt..Go meet with them.. do your due diligence and if you think its a fit jump aboard.

Also, when it comes to negotiating the rent: - Should I ask for a phone call or virtual meeting to discuss the price?

This means that the property doesn't qualify for the extension, probably because it doesn't meet the covenants such as DSCR or debt yield, so the lender is making an exception and is willing to grant the extension in exchange for the $4 million.