Prior to this I’ve lived here around 6 years and always paid my rent on time faithfully and plan on setting up auto-pay to avoid any discrepancies in the future but I honestly can’t afford to just give away an extra $370 if I don’t owe it.Any insight into the discrepancy would be greatly appreciated.  

The only benefit in this instance, as an investment partner in a JV, or member in a multi-member LLC, is it's an act of "good faith" on my part in the agreement, being extremely transparent about the project's costs for the construction company, and the specific amount the partner/member invoices as profit or salary attributed to construction services on the specific project (I differentiate profit from salary, as it depends on the size of your construction company, a smaller company the profit may be the salary etc). 

Use as a reference point sure but don't put that much faith into it.

I got faith that my "BP Fam" can shed some light on this for me, so big thanks in advance.

Finding the right, established team can be tough in itself and no matter how much due diligence you do there is a "leap of faith" element.

My point is rather than needling over the technical inaccuracy that a lis pendens is a lawsuit, it's not its a signal of a lawsuit, I just took his meaning in good faith without creating a fuss over a technical innacuracy. 

If you negotiate a lower purchase price or have faith in the property's long-term value, spending more than the appraisal may still be feasible given the property's high cash flow potential and your experience with the market.

With this in mind, we have decided to take a leap of faith and proactively pursue our goals.In addition, I reached out to HouseCanary.com to gather market data for the specific areas we are interested in.

Now, I haven't had to do it yet as none of my current tenants have reported "non issues", and if someone reports something that turns out to be a false alarm, I wouldn't even charge them, as long as it was done in good faith. 

In 2007, we saw horror stories of people who faithfully made their mortgage payments only to get foreclosed on later because they didn't actually own the house and the person they were making payments to wasn't paying the bank.