If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

Ask them about the condition of the home, whats motivating them to make the move, etc.

The more challenging part is the financial conditions component over the actual MCR..

I now run several real estate and related businesses and am loving every minute of it…except for the mask mandate rules that change as fast as the weather.

Are the numbers for rent for units in comparable condition and with comparable amenities? 

Accumulation of weeds, vegetation, junk, dead organic matter,debris, garbage, offal, rat harborages, stagnant water, combustible, materials, and similar materials or conditions on a premises constitutes fire, health or safetyhazards.Violation 2: Enter/Occupy Posted STRUNarrative/ Ordinance Description: No person shall enter or occupy the residence due to fire damage and hazardous conditions.Violation 3: Heating facilitiesNarrative/ Ordinance Description: No heating due to no power PG&E pulled the power.

Given the high interest rates and the need for additional cash, it might be better to wait until market conditions improve.

My comfortable price range would be between $500k-$1M.I know that under $1M, you probably won't find something new, climate-controlled, or in great condition, but is it true that there's almost nothing worth looking at in this $500k-$1M range?

How can I stay updated with the real estate trends and market conditions in Europe, particularly in the country where I plan to move?

Differences (condition, bed/bath, age, amenities) are added/subtracted from the comps to determine the value of the subject property.