You will want to make sure you arm yourself with the data and prove you gave it to them otherwise a tenant advocate attorney will eat you for lunch.  

If you don't tell him all the reasons you got a screaming deal, then he must assume it was an arms length open market transaction, which in turn will mean the other home appraises low, which may mean it sells for less, which in turn means one of YOUR comps sold for less, which could impact market value of your home should you go to sell or refinance it.I would be selective about what I would share, and I wouldn't lie, but I'd only share information that will, or could, lead to my property selling or appraising for more. 

If you could not pass these stress tests, then you should reevaluate your portfolio.And as @Steve Vaughan stated, risky loans such as balloons, ARM's, commercial, and owner financed loans, called loans, etc. really throws a big risky monkey wrench into the overall equations.  

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

That is if they aren't suffering evictions, foreclosures, vacancies, ARM's, loans being called, the one mill in town closing, etc. 

If you combine that with a closing arm then the doors will always be locked unless somebody with a key opens it or somebody opens from the inside and decides to prop it open. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Our PM arm charges 9% and a leasing fee of one month's rent (our average length of stay is 38 months, so you'd pay this about once every three years or so).

You actually likely want a syndication attorney or a securities attorney if you are wanting to raise funds from arms-length third-party investors.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.