[Source: TradingEconomics.com]The number of new homes built for the last 10+ years has been chronically lower than the previous decades.​​

You can see 100% occupancy from beginning of January thru mid-March, but at lower rates. 

The more listings you have, the lower the price per can be, and also, if you choose to have add ons. 

I think it is time to start lowering rates but 50 basis points is a lot at once.

What they will not tell you is that they have the power to lower the price and offer discounts.

You will be able to cost seg that property and lower your high tax burden. 

Since I am out of state, the plan is for us to buy it together and he will make it his primary residence to get the lower down payment.

They even gave $5k towards closing costs AND paid the points to lower my interest rate to 6% for 30 years.

You are purchasing assuming market rents (set by the condition, amenities, location, etc. of the property) so agree that a seller would likely question a request for a lower price or their receiving less at closing. 

Thanks a lot for the replies @Chris Mason and @Gregory SchwartzOur lender said we can do a bridge loan but its around 11%.. id bring in 20% downpayment max, dont want to put too much personal assets into it and the issue is for yr1 w low rents and renovations its def a monthly -3-4k loss. def want an 8% or lower rateNot sure if lenders are ok with an initial cashflow loss, once its renovated we can have market rents and its a great deal after. it listed at 1.495M and we'd offer 1.2-1.25M. i understand the living in part doesnt necessarily bide well with investment focus, but for us thats a big appeal that its in a nice area to even live in