And higher rent does not translate necessary into higher management cost, so the fee should be a flat fee. 

Can anyone help me with the translation on this?

The underlying theme in all the 'I was duped' postings I have seen are people trying to TAKE SHORTCUTS.A couple translations from my planet:"A Guru Duped Me."

However, I used to build mortgage/loan pricing/underwriting models, elimination of PMI definitely comes with a greater risk for lenders, which translates to higher interest rates, with everything else equal.

Let me translate what he meant by telling you he's the most expensive in town. 

It all depends on how risky they perceive the deal to be and whether that risk is acceptable for them.I personally look for deals that are yielding cap rates of 7%-8% or higher, which usually translates into IRRs in the mid-high teens or better.  

Specifically, in a model where we leverage with debt, the difference between a 50% NOI:gross rent ratio and a 40% or 60% ratio is enormous when translated into our actual ROI.

There are terrific incentives for home owners but they don't translate to us which is very strange and probably political. 

Im also from NY (Queens) so some of the dollar amounts for labor don't translate to or market but may very well be somewhat accurate when translating to the Buffalo market.

Find someone who speaks the language of the father and ask them to translate for you.