(Close on the payment calculation!

Obvious, but maybe the least reliable as it is somewhat by chance.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

This has to do mainly with the timing of property tax payments for your own home (not for your investment properties) and your charitable donations.

But the $2300 down payment, $2500 over asking and paying the fees seems, not quite right.

It's still early but we're expecting tenants to use the service for 9-18 months, and about 45% to also order the extra reporting of their previous rent payments which costs ~$20-25.

Quote from @Efrain Flores: Quote from @Tim Delaney: Based on rent of $1500-1600 and mortgage payment of $1700-1800 which doesn’t even include maintenance, management or capex it doesn’t seem to make any sense to keep it as a rental.

This has to do mainly with the timing of property tax payments for your own home (not for your investment properties) and your charitable donations.

Build a reliable team on the ground, plan occasional visits, and trust your general contractor to handle the day-to-day.

I would keep the property and eventually refi to help get your payment down lower.