I think that statement accurately portrays the thought process of some investment sponsors and underscores why sponsor selection is so important.

300k looks better if the repair cost is accurate.

At least then I still have control over pulling my capital out if I don't like the performance.  

I will view the interior of the leased unit when we perform the inspection. 

The properties also appreciate normally over time, so this property 10 years from now will show 10 years of depreciation on it lowering the value even more when in reality the value will most likely have appreciated greatly.I understand that the book value of the property is already entered and is standard, but it is failing miserably to give a true and accurate snapshot of the company's health.  

Is anyone aware of an option to just have someone schedule and perform viewings as required?

Price per acre is good compared to farm land in the U.S. and the return on your investment of $32,500 down payment is probably a better return than some of your mutual funds have performed over a 10 year period.

In other words, a lot of calculations must be performed and compared. 

When my girlfriend and I were looking for our house hack property, we just performed the calculations as though we were paying market rate rent on the unit we'll be occupying.I wouldn't be too worried about what the other places nearby are going for if none of them have a comparable out dwelling.

At that point, offer a new lower price somewhere between the original accepted off and the cost of the repairs with those repairs in mind and be willing to not require those repairs to be performed and still take it as is.