I would like to try a PPL channel as well. 

Apple Pay?

Your scenario involves many clients with 1 property to get a quote from.If you want to speak in apples - to - apples terms, Picture 1 client who brings you 25 properties throughout the City, and requests quotes on all 25. 

People don't stop investing in stocks because they missed out on GOOG or APPL.

If that could be turned into money, please let me know, LOL, we could make a ton in the forums identifying them but it becomes the job of regulators, not citizens to profit from catching the bad apples.

Also, the appraiser used the "Ellwood Formula" and I have no idea how that is calculated so I don't think I'm comparing apples to apples here.This is the direct quote from the appraisal:The subject property is an older, multi-building property.

We have been looking for multifamily properties in Escondido, CA (to live in a unit and rent the rest), but also are interested in investing in properties in the Inland Empire area (mainly Apple Valley, CA and Hesperia, CA) as the entry price is cheaper there.The ultimate goal is to work towards owning a large apartment complex and building a property management company to operate the property.

Any inspections required by buyer were with notice and the buyer was my insurance agent or contractor that was giving me a bid and the buyer knew this ahead of time and did not upset the apple cart with tenants if they were home during an inspection. 

Any type of DSCR lender should be giving full value after 6 months of ownership...5 years is wild if that's a guideline with lenders you know of.  20 is going to pay off sooner obviously but I have clients many clients taking 40 Year Interest-Only $$ (10 Years I/O, 30 year fixed). 

Yes, apples to apples.