To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

FL appreciation - property is still fairly newish and don't want to miss out on potentially solid capital appreciation in next 5-10 years - assuming that happens-Other caveat is ability to sell in coming few months without paying any capital gains taxes, which will not always be the caseThere is no crystal ball, Appreciation is/was the goal but who knows if that will happen and at what rate realistically with increasing costs of ownership here.

They come to realize  fractional ownership in a semi-active project with far less control is not as advantageous and eliminates the ability to build the more personal and meaningful relationships with lenders that comes with going through the more natural progression of growing a portfolio and business. 

Everything revolves around consistently receiving rent and having the ability to increase rents faster than inflation.

Quote from @Pramod Ponna: The application is supposed to determine a level of risk.

In some states, the taxpayer has the ability to redeem the property for [insert time period] after the tax sale.

They now monitor the heat usage each month and send a bill to the tenants calculated from their usage and corresponding share of the gas bill.

Flexibility is the ability you need to embrace. 

Trying to determine if my PM or I could be doing something else?

Look at the lenders ability to perform and act honestly.