However, even if we see lower mortgage rates in 2025, as this WSJ article points out, falling interest rates won’t solve all the problems faced by many buyers in current market conditions.What if I’m a buyer?

So far so good.I do feel like you attract more tenants by offering the W/D. 

It's hard to negotiate EMD down because then it gives the appearance that you're not a serious buyer.

Hey Emily,Are you saying that buyers in Austin are using earnest money of 1%?

If this isn't an attractive alternative to your business partner then you might consider changing the ownership structure or operating agreement as one of your options.

For example, I don't really want language around financing, since I'm acting as a cash buyer.

I renovated the home and made $30,000 to a first time home buyer. 

We find 2 bedroom units and smaller attract travel nurses, while 3 bedroom or larger attract the types of guests Patricia mentioned above.

I have had multiple buyers over the years not pay any closings costs and only have to pay for their down payment because the sellers paid. 

Then of course, you are also hoping for appreciation.While it is attractive to not have to worry about cap-ex for a few years, many maintenance issues are usualy tenant-caused, so there may still be ongoing issues & expenses needing attention.Another option may be to buy an existing cheaper property, that's still in overall good shape.