Depending on where your property is, appreciation of at least 1-2% annually is probably a fair assumption, but in planning and running the numbers on a deal, it's better to assume no appreciation, and certainly don't rely on it to try to make a bad deal "work."

The chances are that if you pay him fair for the work he has already done, he will just move on as well as you and learn from that experience.

No increase in rent or change in lease or signed statement was imposed, just written text message communication. 

It's fairly straight forward and doesn't take long when compared to a 13.

Also a frustrated  because her lack of communication could have done damage to my investment.

Seems like a lot of effort for ($15000*0.03+$15000*.16/2) = $1,650.Divide $1650 by how many hours this will take, compare that to your normal day-job wage.That being said, if you want to get into private lending then it might make sense as a fairly low-risk (assuming you follow the advice of others in this thread) "learning experience," that's not crazy. 

What you should expect from them depends on how light we're talking here, but at the very least you should be getting some clear communication about why the discrepancy arose. 

I'm fairly new to the business, but I do own rental property, participate in my local REIA and host a local mastermind.

I’m trying to soak up as much information as I can about this, as it is a fairly common strategy.

But to be fair and balanced I was not able to get a horizontal loan from them until 3 years ago and I was the first one they had made a horizontal loan to since 2005... :)  that's how tight those loans are .. now vertical plenty of players back in that space.. and you can get 1 and 9 from West coast lenders on vertical HML s