With that being said, the subject property's PP seems a bit too high but before I go back to the broker to provide my feedback I want to ask anyone here if I'm missing something here.What do you all think?

Now I’m not familiar with the subject area that your question about, but you can get cash flow from day one by paying cash.

However, before you switch agents, I recommend you gather up a bit more information.You should request recent comparable sales data that will help determine whether the problem is a "slow market" or an incompetent and ineffective agent.Has anything sold near the subject property in the last 190 days?

Okay coming back to my subject of the post, “Murthy’s law prevailed”.

In a hot market I was one of over 20 bids.

Check who pays the hot water for the tenants' units.

Make sure that this won't put your future buyer in hot water with the VA or his lender. 

Dealing directly with an owner you may then be able to find a deal where you can use creative financing such as owner financing. subject toGood luck

Texas and Florida have been hot markets, but with prices peaking, many investors are indeed looking for the next high-potential areas.

Several reasons: market rates, cost of operations, risks of the tenant in particular, rental history, turnover potential, loss of rent during turnover period, "hot" or "cold" market, etc.