@Pete Schiebel check what a lot of your rent comparable properties are doing in the area, as that will dictate it a lot.

I strictly use them to trade into places I really want to go and I can never, ever beat the price I pay for a week as compared to normal rentals rates which are three to seven times higher per night.  

It also runs through Buena Vista and Elizabeth Park which are both different universes compared to Germantown. 

You can then compare what you're doing to the PMC and even use the PMC as an emergency backup as needed.

Are you looking to tract project progress compared to your estimates?

From recent history, mortgage rates historically are low even today, compared to the past.

Another tip: use Rentometer and RentCast to double-check your rental rates; they’re great for comparing rents in your area and making sure you're priced right.

@Joseph Henry So often I see replies of people answering the question of what they would do as compared to what you should do.

Look at the data from multifamily starts for this year: 2024 YTD shows 193,000 more units COMPLETED compared to those STARTED. 

Meanwhile, you could be locked-in to a purchase price that is 5-10% below comparable sales by the time this finally closes (Q2-Q3 2025).All the best!