It seems to me a very unethical, abusive way of doing business.

The owner also relayed to me that the location is a ideal place for a bus hub and megabus has showed interest in using the property for that such purpose, but he is still willing to either buy lease option the property or sell it out right.

Sorry to hear of you being abused by an apparently irresponsible appraiser. 

I had to replace a water heater 2x after trying to repair it and it seems that my tenant kept throwing things against it and somehow abusing it.

We thought it was a great location, directly on and off the highway, walking distance to a bus line, shopping centers in close proximity, and the commuter rail to Boston minutes away.  

Once I receive a PM from them, to ensure I'm not abusing the purpose of BP, I ask them to send me an email, so I can so I can respond our service catalog and investor screening material.  

It isn't so much that lawyers abuse the process, it is that people on the other end of the process aren't necessarily familiar with how to combat misuse of the process.

So it really depends on the knowledge of your seller and of course in the urban core and low value assets many times your dealing with very unsophisticated sellers that a wholesaler can twist up tie up and totally abuse  to the wholesalers benefit. 

Sounds like they are stable, and if the bldg's systems are in decent shape and the bldg is not being abused by crappy tenants, it should be reasonable to manage.

LOL.. its amateur however on steroids... this is why most sellers really need to be represented by GOOD RE agents.. not wanna bee wholesaler investors with only guru or bp wholesaling knowledge behind them. may not be an issue to the seller who is getting abused ..