Maybe the appraisal uncovered something you were not aware of that deserves serious thought.

From my AEC + operations background, I know I can help uncover the mismanagement, analyze books, bring economies of scale, etc.BUT when I reach out to property developers, the only response I get back is "Bring me a great deal and then we'll talk". 

What are the most common issues they uncover?  

I do think when things " adjust" it will be because of some government whatever or new scam uncovered.  

In addition to moving rents to market and operating the property more efficiently, we uncovered an opportunity to build out 4 additional units.

Well it took you several months for you to uncover the issue....how was it then supposed to be discovered in a couple hour time frame from the inspector?

With supply being in the red across the Austin-Round Rock MSA, supply in peripheral cities is being uncovered and made available to purchase. 

You'll need to consider setbacks, covered vs uncovered ground (how much asphalt / concrete / building can exist), zoning (does the area allow multi-family or do you need a variance) population density requirements, building height requirements, and any other fun things that the town regulates. 

That may uncover any recent claims. 

There are deals in every market, the key is to figure out how to uncover those.