Any advice would be greatly appreciated as this is a time sensitive deal.

Being from the area, i feel as though i am hyper-sensitive to over-paying and may wrongly dismiss a few deals becuase of my familiarity with how things "used to be." 

if you can buy it cheaper and thus  rent it cheaper, then your market is someone who wants the privacy of a SFH and a yard for a dog ...downsizers, single moms ...and somewhat price sensitive.  

Not to mention, even if he were to somehow keep his license, I am fairly certain the best way to go about ensuring you NEVER again get business as an attorney is by utilizing your clients sensitive/private information exclusively for your own gain.Having said that, people seem to be getting more dumb/selfish by the day, so I can certainly see where your concern is coming from.

I know this a sensitive topic but I had to bring it to the table. 

Everyone joint ventured in a project is motivated to get it done so even if one party can't be physically present time sensitive decisions will be made and everyone informed.Let me know if you want any specifics.

So I know they are very...sensitive situations.  

Given high property taxes, my calculations are very sensitive to rent assumptions.

You don't need to tell them that the pink window frames might not actually impact the monthly cash flow situation either way, they again already know to file that pinkness thing right next to "quarterly sensitivity training requirement" - in the "completely irrelevant to reality" category in their brains. 

As far as 07, cap rates are time sensitive.  8% in 07 is NOT the same as 8% in 2016.3.