Their justification for that is that there will be vacancies and other expenses that reduce the income.OTOH, I don't know many buildings with 25% vacancy rate, so they're being overly cautious.

@Tim YouseTim, I really want to know your appraisers justification for charging $785 on a SFH.

Speak to the team you are working with to provide justification/verification of rents among other aspects.

And that's just if you're a family of 3-4. 

Despite the fact that some markets were faced with 200% YOY increases this/last year, there doesn't seem to be a justification for this UW assumption.

I don't have enough info to pass judgment on the mentor, but the suggestion to concentrate on newer houses with less maintenance is counter to most of the logic around REI - newer houses may have less equity, and without a distressed condition, there is less justification for offering a heavily discounted price for the property.

I like these places since they deliver free of charge.While your tenants certainly do not have a legal justification regarding with holding rent because of the current stove, what is the less painful route for you to go regarding this matter?

I mean, I'm sure most landlords don't set out to be slumlords, but I don't even think I could stand that perception of my business.To explain a little further, and to build off @Mike Cumbie, this is a personal loan, with the justification of "buying property" (or something to that effect), to cover a significant portion of the purchase and rehab costs I cannot cover out of pocket.

What you need is justification for the new value.... ie: appraisal.  

There is NO justification for what you did, and to continue trying to justify bad behavior just makes you look worse.