By issuing a "warranty" to make up losses, the company itself, that you are relying on for the warranty, is being weakened.  

In short, do not rely only on the MLS to get your first deal - you are going to constantly run into "highest and best" offer situations for good deals...

The old school way to run a management company seems to burn through their staff which in turn translates into the poor customer service that seems to be prevalent in the industry.   

Only relying on Rental income is a bad Deal.

Additionally I have a very good paying job so I don't rely on this income at all.

But if something is obvious they have to include it in the report.Appraisers rely on the information in the MLS sheet and the public record.

All said, the owner in this situation has "control" more so of the valuation than relying almost solely on the market for residential.Books I've recommended:  Steve Berges "The Complete Guide to Buying and Selling Apartments" and "MF Millions" - Dave Lindahl are some good ones to start.How's your network?  

I think if you're moving out of state, you should hire a professional property manager rather than relying on a friend to help you out.

As an out of town investor I rely on their data.Happy also if a building contractor is interested in the work, even better if they can give scope of works for rehabs :)Thanks!

If the investors are fairly new then they're either relying too much on the 70% rule, or they might have HGTV expectations.