A: Landlord has an obligation to provide clean water, suck it up and buy it.B: Hard water is bad for your plumbing, buy it hopefully to decrease future repairs.C: Water softeners, like under-sink disposals, ice makers, ceiling fans, love to break and cost you money.

The market is decreasing, and yesterday's rental prices are not today's rental prices.

How much will it decrease your housing expenses by moving into that unit?

The drawback would be if you only make minimum payments, the balance will never decrease.

Looking at the data you provided for Melbourne, FL:- Average rent is around $2,000-$2,100- Rents have actually decreased slightly year-over-year- There's a wide range of rental prices ($650 to $6,500)This suggests a diverse market with potential opportunities, but also some volatility.

While BRRRR remains viable, its feasibility has decreased in certain markets, such as Central Florida.

The idea of doing the gradual rate decreases is to have a gradualness to the market fluctuates. 

If this comes in low, this decreases your LTV.

I noted the year-over-year increase in STR permits, the decrease in average nightly revenue, and the sentiment that economically-incentivized sellers would flood the market after this winter season (effectively increasing housing supply and decreasing prices).

So I am looking at this as a way to decrease my federal income tax if I lose FEIE.