There's a million ways to skin a cat, especially when it comes to acquisition and finance.

The pro formas are so sensitive to cap rates if the market moves sideways the next five years you are left holding the bag.

Using a sensitivity analysis you can do your best to determine what your expected returns could be for a particular property.Maybe the big time investors developing, purchasing or refinancing the Class A properties that cost $100M+ (which will be hit first and hardest IMO) have a better understanding of future changes in their markets than us?

It's more work, more hassle and you have to have thicker skin.     

It is odd how they target my house with so many serious, visible, time-sensitive issues going on with about a quarter of the houses on the block.

You are technically correct that a longer duration security will by definition have more sensitivity to interest rates.

Firstly, put some money into one of their deals so you have skin in the game. 

Key problem areas include: - Operating partner should have some skin in the game.

We've all done bone headed things while working our way up in the business (myself included) wasn't trying to offend you but you don't learn from them if someone doesn't tell you why you were wrong and you really need a thick skin to succeed in rental real estate.

Good luck Pavel - you already know this, but CA is getting hyper-sensitive about STR/Airbnb type rentals.