Hello,A good rule of thumb in NC I tell my sellers about: if we get lots of showings in the first 2-4 weeks, but no offers, the price is too high by a good bit (15-25% estimated).If we get showings, and one low ball offer, the price is a little too high (5-10% too high).The longer a property sits on the market, the more likely you'll end up accepting a lower price ...better to go ahead and do a price reduction now and sell it faster, than letting it sit and eventually the market will do the price cut for you. 

With an average cap rate on the market of 5.5% (I've sold multiple listings at a 4.8% to 5% cap rate this year) I know that buying at a higher cap rate and CoC, even though I have to wait for my FIG units to be built I will still be ahead of the game in the next 3-5 years because of the better cash flow.  

In declining his offer I would go ahead and set the expectation that you are granting him a promotional rent for this lease period only  and he should expect a rent increase at lease renewal.

These analysts are looking 6-12 months ahead and see a soft landing.

Come June 26, 2024, I'll be making a move to your vibrant city, and I'm already thrilled to join the local real estate scene.With 10 months ahead of the move, I'm eager to connect with like-minded individuals, understand the neighborhoods, and explore potential investment opportunities.

Schedule a time to visit the rental and do a walk-through to ensure it is safe (no running water, temp adjusted, trash hauled out, etc.) and secure.

STR's are the most management intensive way to produce cash flow on a property and Tokyo is 9 hours ahead. 

Once you finish the rehab and get a tenant in place, you can go ahead and refinance it again with a DSCR loan if the cash-out amount makes sense

The architect will have a structural engineer they usually use, you can go ahead and use that person or someone else.After that is done, have your architect draft a bid form/template. 

@Presley Becker visit city Building & Assessing Departments to see if any open permits or tickets, or recent history.What are city requirements regarding inspections and registrations?