I don't think its fair for you to say they are making money without it as I doubt you have access to their books. 

And your competition will be a bunch of identical units...your pricing will always have a ceiling.

To be fair I did ride the low interest rate and high appreciation train, but you get the idea.

It's very likely, you got played  fair & square per the letter of the law but if it makes you happy to scream at the top of the mountain go for it.

The hold time is usually between three and five years, and the overall gain is pretty high within a fairly short time frame.

Just as bad as the posts you see from time to time of the grandchild wanting to work out creative financing to buy their grandparents house below fair market value.  

Trying to balance proper due diligence against my desire to just acquire a bunch of mediocre units!  

The home burns and the incredibly over taxed CA FAIR plan has either gone bankrupt or takes years to pay out.2.

I can likely do this loan, but in all fairness, with this type of loan I suspect a community bank is going to beat me out.

I know this is above and beyond what most municipalities require, but being fair will make the whole process easier.Additionally, a new landlord can reduce the 60-90-day notice by offering more moving assistance (cash and/or labor) if they move sooner rather than later.