This perspective is quite common in the MF sector, especially where sales comparisons are largely based on the asset's condition and financial performance (NOI which leads to a cap rate).When comparing two properties with similar capital expenditure needs, the industry standard is to evaluate them based on a cap rate.

Based on the research I've done, I believe we need a Bridge Loan.

Notably, last year saw an unusual surge in October, which traditionally had been one of the slower months, often trailing only behind September.Seasonal Trends Based on Previous Years:January - Recognized as a mid-season period, January experiences a boost from holiday spending that extends into the first 10 days of the month.

I've been burned before so I'd rather walk away from a deal with a tenant like this, yet they seem like a very good candidate match based on their current portfolio.

@Alex NgMost likely, income verification will be based on your tax return documents. 

It seems your issue is two fold, partially due to poor underlayment/uneven floor and thickness of the LVP can play into that too.

The reality is at the beginning of your journey you should be happy to get on base.

Yes I still paid transfer tax based off of the assed value.

However, the return on an investment in real estate is usually calculated from the perspective of ROI and Cash-on-Cash return, which is based on the cash flow on the deal. 

This was a management and operational play.