As others have pointed out the PM submitted a proposal and you had the option to accept or decline.

What are our options, if any?   

Often times with wholesale deals, speed is the name of the game, so taking time to conduct lengthy due diligence is not an option.

The ZIPs in Realtor.com’s Top 10 are seeing nearly 4x as many views per listing and selling 1 month faster than the typical home nationally.

The tenant's mention of a lawsuit is typically an empty threat.As someone that's dealt with plenty of mold and mold claims, this one looks like a fat nothing burger.

If you're looking to cut costs on a PM I would recommend using one for placing the tenant and then not having them manage monthly, I'm pretty sure some offer this option.

They are effectively like any other syndication (by definition they are a syndication), but put in place a legal ownership structure to accommodate 1031 proceeds.I understand why they have higher fees than the typical syndication, given the complexity in their ownership structure compared to a "typical" syndication.At the end of the day, any return from a syndication (typical or DST) is going to be primarily driven by market cycles.  

Typically an air conditioner can cool 20 degrees cooler than outside.

Chances are if you're buying something turnkey rinse and repeat won't be a viable option. 

Actually, we will be drilling down on this to see what legal options are available.