@Uzziel Cortez not understanding why you think TX is cheaper than FL?

So, a 5% reduction is CHEAPER than another month of vacancy!

Can anyone recommend me a new one that's cheaper?

Ohio homes are cheaper so we could find a house that has a lower monthly mortgage and pay the difference to keep this house still. 

Get a plumber to fix it, will be cheaper.

One of my main flipper clients *sold 8 million for him roughly $200,000 of commissions is actually a licensed agent, selling a property is about much more then cutting costs and its actually rare to see people go for the cheaper options out there.

rents are higher here by far one of the most expensive markets to live. lease price per square foots can go as high as $8 per square foot. if you live far away it'll be cheaper or you'll be living in a older unit. depends on your budget really 

Arguably, a PM company is going to have these trades available at a cheaper rate (theoretically) due to scale, but the PM company is also probably going to mark it up, so it ends up costing about the same.

Again, less does NOT = cheaper. 

I think Park 101 is an example of a development that's outrageously overpriced (I've been offered condos in the area for much cheaper) and the ROI would be too low for me but you might have a lower ROI hurdle.