Basically.

I was basically told to deal with it or contest the appraisal, I chose to deal with it.

I would hope to eventually have long term dependable tenants so I don't need the company as much but I am basically looking for someone to poke holes in my plans and see if there are any flaws.

The rule is basically that you can estimate NOI is 50% of the total potential rent at the property.

Besides looking in other markets, which I am doing, look at ways to add value so that you cash flow (20% down, great deals, sub-meter units, petition tax assessments renovate, rent increase) and then make sure you have equity in your property when you sell to get paid on the backside of your deal. 

The house seems very habitable, to the extent I'd feel comfortable living there with my family, unfortunately the parents of 3 of 4 tenants disagree with this assessment.- I am sympathetic to what I believe are real health concerns by the tenant's parents, but i can't figure out how they can be tied to the house based on the mold test results or visual inspections completed by the management company's maintenance team or abatement company.- based on what I feel was an unreasonable counter I'm not sure how to frame my response to the tenants.My questions for the BP community:- Could I be missing something causing real health issues?

He's been traveling all over and spending a good deal of money to take courses, go to conferences, etc but the overall sentiment I get from him I think is half of the answer to your question.He, as well as those you describe, is basically on a quest for "The Perfect and Best Way" to invest.

Assessing a syndication deal is not rocket science- but on the other hand it is not at all trivial and there is much to be learned.There  are many factors to consider aside from the proforma figures thrown at you by the broker/ syndicator.To mention a few:  Syndicator/Company background/  experience/ Track Record.Investment Strategy and Process.TeamAlignment of InterestMarket PPM- Fund termsWaterfall and FeesAccounting/Valuation/ReportingLegalsIMHO point 1 above is more important than any of the others and should be the make or break before even considering the specific offering.

Basically, what makes this home be $100k more than similar comps.

Basically it's set up as 2 condos instead of a multi-family so no one could get a mortgage to purchase the whole thing.We were able to come in with a substantially lower bid since we can pay cash.