Again, keep in mind the exit cap rate is a projection of what the asset expects to sell in 5 years (or whatever the hold period is) and nobody can predict the future.Solution: Ask the sponsor how they concluded their exit cap rate and where they are getting their data from.

You're simply leaving money on the table.

The one deposit into my bank account is simply $100 less than it would have otherwise been.

Do you have to hire an environmental engineer if the DPS is already in place, and the new owner is simply administratively adding their name to the DPS filing status?

I would simply email them the move in report now and schedule the move out inspection asap.

I was afraid that a pro would either use harmful chemicals that would hurt the pets or that they'd simply be unable to seal the building to keep mice out in the future.

Have purchased a large number of homes like this over years and it is simply a risk reward game. 

Instead of earning $900 to pay $600 in rent you are simply covering the $250 shortfall instead.

@Adrian Rae seems your partner needs to find a new career, simply clueless All the best 

I simply look at the spread between all costs and short term revenue to see if it makes sense relative to the extra CAPEX (furniture) needed.