I haven't purchased a property yet, but is it possible the discrepancy the rent-per-square-foot in the market? 

Another discrepancy that this clarifies is in regards to the borrowers principal residents.

I am seeing this discrepancy on nearly every property I look at on every different site I research on.

The renovation costs are according to the seller so that may be where the discrepancy is. 

If there is a huge discrepancy then it may effect your total loan amount but for the most part this will be a non issue. 

I have never invested with Morris Invest, I have just read their reviews on BiggerPockets and listened to their podcasts to hear the discrepancies.

Many similar properties are converted into SFH or torn down for new builds ($1.5 - $1.8 M), making it increasingly challenging to find comps of equal condition and in close proximity.However upon reviewing the BPO report, I noticed some discrepancies that would impact the valuation. 

Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records.5.

It’s an architect’s responsibility to design per code and the contractor’s to build per design and bring any code discrepancies found during construction to the architect for clarification.

The property is purchased at so low a price to real value, and the discrepancy between actual value and purchase price is so transparent, that money investors are willing to put up 100% of the required funds for a minority ownership stakeWhile all the above scenarios do occur, they constitute a very low percentage of real estate transactions.