Originally posted by @Jay Hinrichs:if your talking D or worse class tenants no cap rate will suffice and certianly not 7.5%My justification of D is based on a huge Juvenile center two street down. 

I was going to mention, usually the inspection isn't only for "major" items, usually you can just cancel without any justification....but I don't know specifically the inspection clause you have.  

Thanks @Jason DiClemente The agent could be a part of the issue, I initially mentioned to the agent that I thought it was priced too high and the justification the agent gave me was it's in line with Comps at the top of the market, and that it also gave us room to negotiate on price if needed.

I personally have a hard time increasing rent without justification.

If you don't think it is unethical to pitch a greedy terrible deal to someone uninformed and take advantage of them, then you are in denial of justification just like he is.

(I don't really need to know) I think there must be some justification for the price difference between the comparables and the subject property.

You either have to buy solely for appreciation here (no to negative cash flow in the meantime) or buy out-of-state.That's just if you are buying straight-up rental properties.

I think these are mental justifications by tire kickers not to do anything.

If you PCS or your situation changes, you can always move and write a letter of justification to the VA to apply for a second VA loan if you have eligibility left. 

Its a good just ( if you know what you are doing ) but still a job.