As others have said moving into the new property can work to get more favorable financing and BRR can work as well as long as everything goes right. 

What's really wild is their acquisition philosophy overall, as described on page 8: "We intend to continue to expand our scale of operations and develop properties and make acquisitions even if the rental and housing markets are not as favorable as they were when we commenced operations, which could adversely impact anticipated yields."

Like with any other type of asset, a down market may come unexpectedly, leading to less than favorable outcomes for investors.

The established areas will likely be fine but everything in between will probably lose favorability to the suburbs where people will value more space (and perhaps timeliness of trash pickup).I hate to say it but from my viewpoint (which is admittedly much less informed than other users on this site) the outlook is grim for the future.

And if it goes to court, it sounds rather open and shut in your favor. 

I favor cost over price, and i would rather pay a little more, to lessen the long term cost.

Could you do me a huge favor and text me a picture of the sign and front of the house?

Usually decisions favor which property is best for my INVESTMENT GOAL.  

I also agree with @Zachary Paul - see how favorable you can get your side of the agreement in terms of inspections, mortgage contingency, etc.

Obviously things had to go right for this guy (the market worked in his favor), but even if it didn’t, if you work it right (the FHA and 203k loans at clutch), you could end up in a very nice place for very little down and no PMI.