Moving to the next property after a year sounds smart. 

Sounds like it went under contract and now the buyer is upset because you didn't extend with the wholesaler and their deal fell apart.

Not trying to sound like a total butthead.

It sounds like you are looking for a loan for for 8-duplexes. 16 units total.

I’ve been effectively “incentivizing” tenants in one building to continue renewing their leases in a town where I haven’t been able to find any comps by not raising their rents for 3 years.

Institutional buyers are effectively out of the market.  

Sounds like she’s confusing what is required when managing other people’s properties.

I know it may sound extreme (and maybe I'm paranoid), but what if you find a tenant today but come June/July they lost their job, took on debt, etc.?

Our original plan was to build wealthy by holding this property for 10+ years but now we are thinking 200K tax free is sounding pretty good.

There are three major ways appraisers look at value for residential:Market ComparableGross Rent MultiplierReplacementTypically, as it sounds you are aware, market comparable is preferred.