What steps did you take to ensure you were bidding on an equitable lot of value and how did you arrive at your max bid?

Every time I work on the house I usually turn the water to the whole house on when I arrive and turn it off when I leave.Today, an hour after I turned it on, I heard water dripping.

When doing your analysis, add in property management as a cost before arriving at your projected cash flow and return.

That brings a lot more potential buyers, which contributes to the answer you arrived at: higher valuation. 

Federal reg.s make them add in closing costs, fees, etc to arrive at a true cost of the loan, expressed as an APR. $4k in fees adds a large % to a $50k loan....and only adds half as much “yield” to a $100k loan.When the true APR for a borrower rises above a certain threshold, the bank can not make the loan  I probably didn’t explain it just right but the bottom line is you need to apply for a Larger loan amount.It is very difficult for anyone to get a $50k mtg, it is not your particular finances. 

After asking what inputs they used to arrive at 12%, when I did the math using thier pro forma numbers, I got 5%.

City arrived at 8am so tenants then had no water.

Tenting kills the termites that are present but does nothing on those "arriving" the second the tent is lifted. 

If they arrive in a brand new unscratched pickup truck?

The modern, electrically powered versions of steam shovels are used only in very specific situations, such as mining.There are many examples of this phenomena where a new, niche product arrives in a targeted market, but then expands until it reaches up and rips out the guts of the companies making the previous products.