We offered our impacted tenants a hotel room while we were awaiting repairs, but both tenants decided it was easier to stay put. 

What loan terms are currently being offered for these type of rentals? 

He offered $150,000 then we had another neighbor reach out and offered $175,000.

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If rates come down at all I predict we’ll be back in a strong sellers market (competitive offers, steep appreciation etc) because inventory is still low. 

To me, signing a broad exclusivity agreement kills your bubble; you're now cut off from every other agent's network.Of course, it has to be worth the agent's while to bring you a deal over someone else, so try and offer something of value like a finder's fee or, if you're flipping, the right to list the renovated house with the agent. 

Quote from @Miguel Del Mazo: Nick and Nicole are offering great advice. 

Might it be smarter to offer a slightly lower monthly rent in exchange for a tenant who feels more content.

Facebook has nothing to offer new investors at all, it's Facebook.

Many other investors offer the same deal and it doesn't cost any upfront monies whatsoever.