Yes absolutely agree on the logistics and justification behind these price hikes and agree overall market is trending upward which might hopefully like you mentioned also mean higher appraisal cost at the end of the day. 

(Low interest rates are a justification for, not the cause, of cap rate compression.) 

It's hard to comment one way or the other on this without seeing justification.

You easily enough could have said "huh, well look at that" but no, you take a FALSE statement and double down with a ridiculous justification that a toddler would wince at and say "really, come on man, really". 

This is a financial obligation you are not meeting and the justification you gave is invalid.

So, a contrarian view - prices are "down" if you look at divergence from the long term average appreciation (which here in Seattle is 5.5%), not just if they drop in absolute terms YoY.

It is important to remember that not agreeing with a law isn't justification for breaking it.

I was just posting on another board to someone who had 5k savings and wanted to buy 5-12 doors that they better have good reserves to account for repairs and vacancies.It seems like a price sensitive market - so yes, renovating the roof is just the cost of doing business as opposed to a justification for raising rent (new roof!

Account Closed  That's correct -- the broker (who also owns the property management company) had full access to actual operating data but chose to omit these larger expenditures with the justification that they were non-recurring and therefore wouldn't be representative of future operating costs. 

There can be no justification for that.