By making a big fee going in on a larger property they manipulate smaller pref and split to themselves hoping the investment pans out over 7 to 10 year plus holds.Some larger deals can be great but on value-add stuff I am typically debt adverse. 

For example this occurs with things like needing to paint the exterior but the temps are too low. 

Yes, i could see manipulations of various price gouging regulations in place, to try and cap what such could ascend.

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That way, they are not completely taken by surprise or blame you when the temps drop and suddenly there's a pipe burst in the middle of Christmas Day.

If your calculation makes sense investment wise for you make an offer based on your numbers.It is hard for the seller to completely manipulate the income of a commercial property, if your lender is thorough it will be revealed in the financing process. 

So I would focus on continuing to build / save money and if a deal comes along, then look to take advantage of it, but do not force things or manipulate #'s to make a deal look better than it is.

And remember I have joined the ranks of the furloughed or retired pilots.. 40 years flying around in those little bug smashers I figured i temped fate just about enough and am fine with all the fond memories.I did truly love flying into Pangborn though and the airport at Chelan that one is a little tricky.. 

Cashflow is a derived number and can be manipulated.  

I do have decent photos taken with a digital SLR, but I didn't manipulate them in anyway.