Also, if the building was to sell to a competitor, they could force me out.

The seller has possibly been in touch with a competitor.  

Yes, cap rates are compressing but even at mid 5s to 6s, w/a value add strategy, comps below competitors in price / rents and realistic underwriting that expects caps to rise slightly w/increase in interest rates, you can still make a very good return.  

Some of those competitors might be useful to you might just be your friend.  

I am paying CASH for a property but need to close on the property in ONE DAY due to an competitor (whom offers to close in a week) trying to persuade the motivated seller and snatch the property right out of my hands after i have been building rapport for weeks! 

I try and discount some night just to get the couple bookings I have gotten via AirBNB.Homeaway is also constantly rolling out new improvements to the website and app.They now have pricing tools and other analytic that show competitors pricing with graphs and charts.They also show if someone did an inquiry and booked another property and you can see what the other property is to see the competition.

Unless they are absolutely amazing in every other regard (seems unlikely) you may want to call around to as many of their competitors in the area as you can and find somebody that doesn't price gouge.I'd have to agree with the tenant on this one - neither you nor the tenant should get screwed here, but I would say you should give the tenant a reasonable portion of their deposit back and then it's on you to get the PM company to fix their prices.

It's why for every unit we rent, we gain an additional $52.38 per month on top of rent, compared to our competitors who get nothing, or subtracting from their rent in transaction cost.

Also, what are your competitors doing?

If they had to leave a message they just rented your competitors home.