Both cases are basically to provide perspective TK clients inflated COC numbers (one is much more blatant than the other).Good luck

My PM on the other hand manages several hundred doors for 10 years and even he says he has never had an owner sued with the exception of the odd small claim on deposit.

It seems odd to me that would be the case.

Essentially in locking in your future payments with today's dollars (this is an inflation hedge). 

I am not saying your wrong on that ARV, but temper with fact of how inflated the TC market can be on these prices right now, and a key mark of inflated acquisition is when it exceeded appraisal by the financial method. 

Once I get that out of the way, I spend the rest of my time doing the odds and ends that need to get done in a typical day.

3% appreciation per year in a time of rising rates isn't a great bet inflation or no, especially as you are dependent on a conservative lender appraisal for the refi. 

We inflated our monthly expenses $275 to get a pile of cash that we can arbitrage $1400+/mth in cashflow (also, we remained 60% leveraged in your primary and have a path to not extend our repayment timeline). 

I believe a number of people will lose a lot of money eventually because the market for rental properties is already inflated in my opinion. 

Odd, right?