Here's a summary of the communication: I would get paid 3% interest for wiring $91,000 and get my money back within 24 to 48 hours with a double closing.

Ok fair enough - Forget the counterfactual. 

Quote from @Patrick Shep: if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? 

Even that we communicated it previously, the ad has not been updated.

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

The sophisticated money is not buying in stagnant markets with poor fundamentals because they can achieve the 1% rule, can complete a BRRRR or because of more favorable landlord tenant laws exist just to highlight what’s rarely part of their acquisition criteria which is a stark contrast to the mindset of most within the BiggerPockets community.Since your focus is specifically on landlord tenant law component I’ll add those who follow the law, properly maintain their property, respond timely to tenant requests, use well drafted and fair leases and don’t unreasonably withhold deposits  find themselves in far less tenant controversies. 

Good day everyone, I am fairly new to multifamily real estate investment and learning this trade.

I know some investors would give less time, but I have found it easier to work with tenants when you are fair.

Realize you are likely going to use CA Fair Plan (due to fire risk) and that is not cheap.  

What is a fair offer to make to that GC, and what kind of deal should I not accept?