If income/expense numbers given to you were inaccurate, then I would lower my price to adjust accordingly to the cap rate you agreed upon the incorrect numbers.No deal is better than a bad deal, and losing a few thousand dollars is worth it not to get into a bad deal.The broker can put any description he wants, but he should not be passing over incorrect income & expense numbers.Go back and lower your price accordingly or else walk away.  

I also have access to both Costar and Reis, which can help you with rent comps in the area. 

It will be lower if the tenant stays for 2 years or more, etc.  

The next 10 face to face appointments will lower offers to make more sense. 

Delayed refi loan amount is based on the lower of cash-out refi LTV OR purchase price.

Of course I would have to pay for an appraisal, but the costs are much lower.  

Some places online may be cheaper, also depending on the amount you are planning on getting will be able to lower price pretty much. cheapsigns.com does 100 sings for $199. 

The increased basis will lower your gain when you sell if you are subject to tax.

@Nathan LandsIMHO, the lower you stay on that range the better you’ll do.

I don't have access to comps in Littlefield, and hope to speak to someone that does.