Some live for 10+ years in an SRO even though they could easily afford a 1-bedroom apartment, because it frees up a lot of monthly cash for other life choices (expensive sports, etc).

Their quicker approval and closing processes make them a practical choice for competitive deals.

The next tier of choices are the "portfolio" lenders, such as MOFIN, Corevest, LendingOne, Visio and the like.  

If they are the kind of tenant that insists to be present for repairs that is their choice. 

It's not always a choice between cash flow and appreciation; there are some markets where you can get both.

That limited the number of available choices.

I don't like how high the property taxes are here but most of my beef with that is with the local folks and the choices VOTERS have made about the hundreds of school levies they've tacked on.

Before you start to do anything, do a little research.First, what you describe is a typical format, but the insurance guy teaching you to borrow against your policy is a poor programming choice.

Sounds like a rare match for what your looking for and a pretty good deal otherwise.Keeping that much cash tied up isn't particularly smart, but ok, it's your choice (to ignore the numbers.) :-)  Last but not least, negotiation is a part of the game - an expectation.  

Here is where you might begin in understanding the nature of posters on BP (or any site).Cognitive bias is applied in economic psychology to study reactions, selections or choices, fears, our naïve nature, how we justify things and more.I studied these aspects a bit in school, but there was a short sales book that identified personalities and the best way to handle them, I couldn't find the book and I've forgotten most of it, I just use a big hammer on most personalities, works for me.I did find this for anyone interested.