So far when I have called the tenant threat of needing to evict them and explained the consequences in my market of an eviction and missed rent payments they have all folded and left without the need to evict. 

Boutique hotels are typically valued based on NOI as well but the uniqueness of the property and location can also come in to play and skew the CAP rate value.I think you could easily fold this into your businesses model.

I think the social media focus on creative finance has brought people into the fold that are trying to figure out how to buy property in their situation, as a no money down borrower.

I was buying as everyone else was folding up.

A lot of things are in fold for Woodlawn/South Shore area. 

I've ten folds money with real estate but I know there's limit on that.

Close or fold.

That indeed translates to about a 3 or 4 fold increase.

I live in Seattle and have considered it here as a way to "get into the game", but don't like the issues with being subject to a board.My reason for considering it more for student housing are 2 fold 1) It is a way to get into the game since I'm starting out; 2) there are amenities like pools, common areas, etc, that seem to be more in the norm for College students vs. living in a SMH.  

I wouldn't fold on your requests, if the seller refuses to extend the contract and pay for the rate lock I would walk away before I bought the house.