I'd want to ensure they aren't crossed up there, but it may be that the property is owned by the homeowner still. 

I am now going to go back and reread the email to ensure I read correctly!

I just know the number with none of the supporting data.

MSB is not this report, it's just the acronym of a former company that used to be one of the databases for cost replacement data. 

I don't think you have to as usually a better property performs better according to many data points. 

Zillow and instant value sites like it only go off of outdated public data.

I link the above image with the caution, there's risks to using data at such a high level.

However, your advice would likely ensure to keep it on the auction block where I'd feel much better winning it for a slightly higher price.

I won't go into all the details here but my point is to highlight a bit more what's happening in the industry and ensure folks know its a team sport, that there are clear distinctions between an operator / sponsor and sometimes they are one and the same, and that the person who may be raising capital should both practically and legally have a broad based role in the GP partnership. 

Just remember 2 things if you don’t remember anything else: ensure you manage the cash flow properly so “when” something major happens you won’t sweat it and 2nd don’t be afraid to think and of the work.