Regardless, you will likely be adjusting the expense base to reflect the tax reassessment (which you can obtain from the local county), insurance (from your insurance broker quote), property management fee, and usual repair/maintenance expenses/admin/advertising/contract services/utilities.

agree with the other comment, different markets are doing different things. also, "be greedy when others are fearful." what people might be afraid of is, lots of commercial ARMs coming up on their rate adjustments, & the new rates (compared to 5y ago when they first purchased) will kill their cashflow, so they'll sell, and if everyone is doing this at once, supply might outweigh demand, everyone has to sell for less than they planned, and everyone who hangs on to their similar properties gets to recalculate their estimated mkt value with the new going cap rates. i don't personally think this is going to cause as insane of a shift as some people do, but it's all speculative, we won't know til it happens. if you can find a deal that pencils with 30y fixed debt, do it. 

Any help is greatly appreciated.Thanks,Correy Rental ADUsFor-Sale ADUs1shall be affordable, including an allowance for utilities, at a rent that does not exceed:shall be affordable at an affordable housing cost that does not exceed:Very Low Incomehouseholds30 percent of 50 percent of the area median income, as adjusted for family size appropriate for the unit.30 percent of 50 percent of the area median income, as adjusted for family size appropriate for the unit.Low Incomehouseholds30 percent of 60 percent of the area median income, as adjusted for family size appropriate for the unit.30 percent of 70 percent of the area median income, as adjusted for family size appropriate for the unit.Moderate Incomehouseholds30 percent of 110 percent of the area median income, as adjusted for family size appropriate for the unit.35 percent of 110 percent of the area median income, as adjusted for family size appropriate for the unit.

.- make a manual for them. what would your own kids be calling you about when they first move out on their own?

In the meantime, I have adjusted your account to Pro Annual status with a complimentary entitlement.

Call the utility company, share your nightmare with them, and ask for the historical usage needed by your insurance adjuster. 

When someone loses their job, gets divorced etc, section 8 will pay up to 100% (if not already at 100%) of the rent and can adjust it pretty quickly.

Just adjust your numbers on your offer to account for the difference.

@Bruce Woodruff In my opinion the prices will not adjust.

Austin (where I live) has not been attractive for some time now, as the inventory is still overpriced and sellers are slow to adjust pricing - which I understand.Houston on the other hand has numerous areas that are still a value from an investment perspective.