You seems to be on a conservative side, which is good, it means your project will be calculated and less likely to fail but being conservative means also missing out on opportunities based on being to hesitant. 

If anyone has a different opinion or insight on this that I'm missing please feel free to mention it!

Just kidding, I'm a Marine vet and miss hanging out with the sailors in Pensacola. 

P&I payment: $716Origination Fee: $4500Underwriting fee: $1395 These quotes look way too high - might be missing something but ran these numbers and we would be more in the 7.5% with 1 point ($900 Origination fee) ($1,000 underwriting fee) for this scenario

Nicholas - what advice would you give me to help change this perception that BP has made everyone feel like they’re missing out, even if that means investing in expensive deals?

I believe most investors are better served hitting singles locally than swinging for the fences (and usually missing) in outside markets they don't know and with far less control over the day to day functions.

For example, collecting three months of rent upfront helped you avoid missed rent, but even that could have backfired if they missed more than three payments.

People might not want to rent tents.Geodesic domes can be a hit or miss when building.

Time to acquisition is important for an 85% complete property depending on what is missing.

missing some info but if the Zillow value is correct there is also some opportunity for some  cash out too though