I think some of the newer construction is sitting well above current market value and could be in jeopardy if the market adjusts or the economy continues to fluctuate with inflation.Depending on where you live and what your comfort level is there are several other states that can offer a better cash flow for a similar price range.  

So for all these reasons, I did not feel comfortable with moving ahead. 

It's helpful to get comfortable running your own numbers and learning to take everyone else's underwriting with a grain of salt. 

Try asking yourself these questions:Do you value more privacy and a traditional home feel (single-family), or are you comfortable with potentially closer proximity to tenants (duplex)?

If this were me in your shoes, I would take heed in recognizing my expertise.

@Ally Alvarez how much stress are you comfortable with?

My engineer did briefly mention to me this was a risk but felt comfortable defending our position based on our compliance with AASHTO and we never discussed again.

Be patient and wait for a good deal, but also keep in mind that there's value in the experience you'll gain from doing your first deal and getting comfortable with the process.

Would I have bought as many rentals as I did in the last 10 years with 7% interest rates, probably not; but as with most things timing is everything.Everyone's comfort level will be different.

Feel like I am waiting for the next shoe to drop with this person.