It's worth mentioning, are you sure the PM didn't steal or lose all the rent checks and is covering themselves by blaming the tenants?

There's too much identity theives out there to expose even one digit.I wonder if they'll last 10 years on that home. 10M is nothing to these guys, and no luxury cars?

. :)But get a second opinion anyways, overlays mean that not everyone calculates self employment income identically. 

This evil bastard has a faulty moral compass and has decided to steal from the "rich" (you) and give to the "poor" (himself) by squatting on the premises under the guise of a non-existent or forged lease.Where I in your position, I'd find a FLAT RATE eviction attorney that has experience with these kinds of cases as soon as humanly possible.

His records were inaccurate and he hadn't been collecting rent, and the building was stealing electricity.If/when I decide to sell, I'm going to provide rent roll and rents collected, utility bills, repair receipts, etc.

If you put a conventional loan offer and VA loan offer that are otherwise identical in every other way in front of a seller in the Austin area, I would expect the conventional offer to win almost every time.

I actually just read an article to inform myself and it seems that banks use more than 1 method to determine the value of a property such as this one.1) They compare to other similar buildings2) They calculate how much it would cost to build an identical building3) They use the revenus and expenses (this method gives the lowest result)Perhaps my real estate agent was considering some of the other methods and took into account it's amazing location and the actual municipal valuation.

Unless it is a really killer steal, your Practical options are probably at best to recoup any Actual expenses on this deal, and move on.

A checkbook IRA is nearly identical as an investment vehicle.  

If you want to make more money in the future, you will have to step up to higher price points or absolutely steal a deal (not going to happen if u shop on the MLS.