Following - I'm based in California

Imaging $1 Uber rides, then tipping the driver based on the actual distance.

If they try to hide who their current landlord is or lie about it, you can simply deny them based on that.

The PM should really cover the $250 mistake, but I would base my decision on my entire experience with them.

Based upon the cost seg studies of my clients, a building will typically yield 25-30% of the total cost that can be segregated into personal property and land improvements.

To give you something as a reference based on your budget (30-40% down with $1.8M), the general cap rates you will see in the Bay Area are roughly 3-5% https://www.loopnet.com/Listing/1047-Rich-Ave-Mountain-View-...https://www.loopnet.com/Listing/1180-Saranap-Ave-Walnut-Cree...You will find higher cap rates and more 20+ units buildings in SF, Oakland, and Richmond, but keep in mind of their stringent tenant laws. 

Btw, I see you’re Scottsdale based - that will be our 2025 work location! 

Wow, take a breath, based on what you wrote here you've earned it. 

Much of our back office is centralized / remote based, while our boots on the ground are local to the market / properties. 

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.