There are still things we don't know... like what the value of other properties like yours in the area are worth...but I will throw out a couple of thoughts for you.As to appraised value - many appraisers look at what the property is being sold for and base their appraisal around that number.  

And unfortunately, even when a syndicator is performing above projections, if the stock market comes down, that LP is likely going to stop investing based on asset allocation rules.  

The meaningful relationships are earned by being a trusted advisor  who provides accurate information even if it means your client will be less competitive on that particular opportunity compared to the buyer who arrives at their purchase number based on bad advice. 

They may have figured the bid based on rough estimates ($35/sq. feet for repairs, offer 70% of ARV minus repair costs, closing costs and their finders fee).

To begin, I am considering renting my primary home because the loan is at a low interest rate, and the cash flow, based on comparable rentals in the area, is promising. 

Following - I'm also based in California 

Following - I'm also based in California 

Tenant base is tough.

As you've found out based on the portfolio sale, its another investor.

It is hard to evaluate it currently, based only on 3 inquiries.