Someone else mentioned work backwards, ie put an offer in for the price that makes sense.

Jeremy Congratulations - I grew up in that area and cost of housing has skyrocketed while incomes have not, so there definitely is a need for affordable housing in that area (as well as pretty much everywhere else)

Are you looking for properties in SF or somewhere else?

There's very little way to go wrong here since the alternative is paying to live somewhere else anyway. 

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

I’m interested to hear if anyone else has used this strategy in Alexandria.

If you go to one meeting you can find your contractor, agent, property manager, attorney, and anyone else that you may need. 

And I have only GC ,d one project one couple mil spec home everything else I hire a GC.. who is really a site super..

Is this water, electric, natural gas, or something else? 

For it to be $250 MORE than usual, suggests something else is up.