The male friend arrived and made himself comfortable in our upstairs.

As you say there is plenty of time to get the unit rented so we should have very minimal vacancy and will try and get him to cover the days after he leaves to the when the new tenant arrives.

After the couple moved in, a truck from a private water company arrived to fill their tank.

Congratulations on your arrival!!

Renting when you first arrive would definitely be preferable as you can get an idea of which location you would like to purchase in.

If 40k is too much then explain to them why and ask them how they arrived at that number.

If rentals you still need to know absorption levels for rentals and what amenities the competition offers to arrive at a projected lease rate and how fast it will be to fill up and stabilize.I would want to know for instance that there was no rent control looking at  a project like that and that demand was high for rentals and most places were full.

Hi,On a 8-plex we are offering on, the seller utilized a 5% cap rate with existing NOI(30k) to arrive at 600k purchase price.

FHA-approved) as for borrowers who would be buying their primary with the loan (rather than renovating their primary and investing), but I'm guessing that favorable terms could be arrived at nevertheless.

It seems that the market has slowed down recently even with it becoming more of the hotter time frame for sellers in the spring time.