THEY WERE RIGHT IN THE MIDDLE OF THEIR TARGET AUDIENCE!  

Appraisals are inherently subjective and most appraisers are reasonable and willing to listen to logic and facts.

I don't understand that logic @Alan Grobmeier - at least on what most employers offer, 10-20% matches.

These tenants have been good and I’d ideally like to keep them around as long as possible.Am I missing some logic here that says month to month would actually be better?

If it is reasonably priced, there probably isn't profit baked in there, just 70K + 20K in updates equals 90K ARV for the neighborhood (realtor logic, reasonably so). 

This approach may be easily demonstrated by logic to a seller, bring the property to its best or acceptable utility, instead of simply trying to beat down the sale price, it's a bit of a partnership approach in meeting half way.

Maybe you already appreciate the point, but hopefully that illustrates why the original question, while grammatically correct, is not really a logical one for most people to ask - "Better" CAP rates is a non-meaningful concept.

Just watch the video, it does it way better than I do.Now apply this logic to 1,000,000 dollar mortgage...imagine finish paying it off in 7 years time instead of 30 years!

My gut said that same thing, but your logic that bad deals don't come from good syndicators confirmed it for me.

Scott thanks for your reply, I see the logic of your argument, honestly from the list of things you mention the only one we have is speaking French since my wife was born there.