Seems unusual..

In fact, I'd happily co-invest with a flipper on my first flip and could even do some of the work myself (my standards are unusually high and so is the quality of the work that I do).

For example, I have a triplex that has evidence of drywood termites...which is not unusual in South Florida.Without getting into details it seems termites are alive and active in two of the units, no sign of it in the third, doesn't mean it's not there. 

I have some rather unique and most unusual tangible and intangible "niche" assets that  the largest portion of the world  would laugh at me If I told them.

Claims of, or even accurate historical, higher CAP rates of an owner may indicate lower expenses, differed maintenance, higher rents from older lease obligations, unusual low vacancies due to external factors subject to change in the market, accounting differences on an accrual basis, changes in depreciation from capital improvements or administrative factors. 

Truly this unusual and would proceed with caution.  

Try a couple different lenders, it is not super unusual in some areas. 

This is a good rule of thumb but some properties may be unusually expensive / inexpensive to maintain, manage, insure, and pay property taxes.Personally I'm not terribly impressed with it as described but there's a lot of other factors to consider here.Tim

The nicer property is newer construction, 3BD/2BA (unusual in the area), and is in a quieter street on the edge of the neighborhood.  

I need some advice on this very unusual situation that I have never encountered.