LOLI don't know much about market cycles (I need to learn) but I feel that something like RE can't keep increasing in prices at current rates while the rest of the economy is going at a slower pace.

The NOI will increase due to increased rents.

Another advantage of higher priced homes, is the power of leverage and the tenant paying off a higher amount of principal payments each month which increases your equity at much higher rates than for cheap homes

I presume not the same way as a standard multifamily deal ?

I was informed by my property manager that the standard time to find a new tenant would be 45 to 60 days.  

When building new, it is possible to design and build houses, and larger buildings, with a modest increase in up-front capital (10 - 15%) costs in comparison to the "normal/typical" minimum code build, which have resulting energy consumption 70%+ lower.  

The syndicate will be a pretty standard one so I don't imagine I will need a large firm to handle it.

There may not be any issue with that property but it could be a standard listing clause used by that bank, just in case there were any issues. 

Originally posted by @Ali Boone:It's definitely not necessary to go visit itThis is the standard line used by turnkey providers, referrers and marketers.

Good chances are you'll be fine if you give them a notice to vacate, but what you may think is totally rational could increase your liability and land you in hot water if the tenant decides to lawyer up.