I'd check comps in the area to guarantee that you can demand as much rent as you are anticipating, and also confirm that their are no liens on the property.

Also the market sets the cap rate so how do you think someone can DEMAND a more sizable cap rate? 

Can the PM make a fuss about that and demand a cut?

Consider the fundamentals of supply and demand as noted.

Usually if a buyer is paying all cash they will demand a much lower price versus a financed offer.So holding out for a cash offer you might be disappointed.Aaron - On the payouts of a co-op commission it must vary by region.Most of the brokers/agents in the game for a long time are NOT buyers agents and mainly listers.This means a majority of buyers agents are newbies that on average 85% or more leave the business within a year of starting out.They are also on crappy splits with their brokers.So if there are 8 homes in a subdivision and they are similar in price and a few have co-ops of 3.5 to 4.0 going to the buyers agent you better believe those properties will be shown.The other homes being cheap in co-op may or may not be shown depending on time the buyers have and list pricing.It doesn't mean those properties will get purchased as everything else has to be right price,condition,etc.

Its growth was fueled by domestic demand as government and consumer spending rose.

The local market in the Bay Area will not fall from increased supply but can from decreased demand. A

The new park in Cully is a great example of that potential value add (although it's tough to tell if the park increased demand as demand increased anyway because of it's location in Portland). 

It is in a super desirable location, very close to downtown, in a historic district, and could demand a rent closer to $600  to $750 giving you a better tenant.  

J Scott - Not a huge demand but with bank loans still in limited supply there is certainly a demand. A