Lol  Just cancel it then and walk away :)  take the write off at the end of the year.

It's written into the lease that tenants must deposit their rents into that particular account (either by online bank transfer or by walking in a check/cash); I do not collect rents directly, nor would I if anyone asked.

You need to walk or look at photos of their other properties.

(I will ask that, out of respect for our current tenants’ security and privacy, to wait until your viewing appointment before walking the property.)If everything above is agreeable to you, let me know your availability over the next few days and I'd be happy to take you through the apartment.

They will be able to walk you through the different scenarios with real numbers. 

I'd be happy to walk you through the process if you have questions, just DM me.

Short 1.5 minute video walk through of all of the rooms, bathrooms, common areas, etc. 

I feel like I might even come out ahead on the appraisal after the build is complete and walk away with my initial investment ?  

As for the recent investors,  he walked them right into it.

Keep in mind though it takes some long term relationships to pull off Horizontal and get bank rates.. your not going to just walk in and get a loan..