I would think this is especially true in lower price point areas. 

The problem is that people will never know that they sold their home for $30k to $50k lower than what they could have gotten. 

My buybox is <150k, as turnkey as possible, 3 bed, prefer 2 bath but will do 1 bath for the right deal, neighborhoods with lower crimes than the nearby areas, rent at <1.5k.

It’s a familiar debate, as Californians have faced this choice twice since 2018.Under the 2019 Tenant Protection Act, rent hikes have been capped at 10% per year or lower if inflation rates dictate.

If you have questions about lowering your taxes with real estate and would rather have someone else handle your yearly returns, give us a call or shoot me a DM, and we can get started. 

Is this too much and if so when should I lower the price and how much is reasonable enough for both sides 

If talking to more builders does not work out to join you on transaction #1+ and you have enough capital and heavy rehab experience along with a GC / builder doing the project many lenders out there will offer you a lower leverage loan for your first project on your own.  60% finished value and 75% LTC is probably achievable without a builder in your company for the loan. 

Be careful with that BRRR stuff.I personally would not do Remote BRRR as there is just a lot of risk with 1) risk of embezzlement with contractors 2) change orders and 3) bank doing bait and switch doing a lower appraisal and/or LTV on the refinance.Most service providers net worth is under 500-1M net worth and I just did not feel comfortable working with them because they would screw me over when I wire over 30-50k checks to do work.

I'm on the Nevada side of the lake and there are some good opportunities for rentals in the lower elevations around Reno.

In addition even with a lower down payment you should be paying significantly less per month even with PMI then you would if you moved into a single family house that you where fronting the entire bill for.