I read your post incorrectly and thought $110k was the loan amount.

@Mike Hanneman I'm not incorrect, we're just talking about different things.  

Be interested to hear if anyone has any experience with RealNex or Property Metrics and what advice you can give me for understanding the quirks of these tools.  

I think your assumption may potentially be incorrect.

There were some basic things that were done incorrectly that made you scratch your head.

The appraisal had the rents incorrect, so when it was corrected the lowered the sq ft price to keep their appraisal the same.

Totally incorrect.  

A local quirk is that in Ontario the landlord is entitled to hold last month's rent deposit but the tenant is under no obligation to pay it once they move in, which reaffirms the necessity of collecting all move in monies at the outset without any compromise.

That first lender is incorrect.

Different cities have different quirks on that stuff, but you really don't know what you're getting into until you've got that.