That will change in 2H25 in a lot of markets.Expenses:  Leveling off and must be accepted as the new normal. 

In Texas, the state I mostly work, despire me being in California, sellers in the "B" usually are okay with lower EMD/option amounts, i.e. $200. 

Limited Housing InventoryThe number of homes for sale in Buffalo is significantly below pre-pandemic levels, with a reported 46.1% decrease compared to 2018–2019 averages.

I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.

, whether there's a high water table that encroaches on any underground utilities or foundations (and does that water table have significant seasonal water level variations), encroachments by roads or other improvements on your property, limitations imposed by easements or rights of way, etc.

I'd bet that this note is worth more to you than to most buyers until the note is much lower LTV, but I'm a novice in this space.

Which is not easy for possible for many people (like your husband).Once you really know what to do, the risk level drastically reduces.

Hi Basit,It's probably been a combination of outbid, or out contingencied, and a bit of financing at the levels we want. 

Obviously you want to lower expenses while maximizing revenue. 

That is lower than market and puts you in a cashflow-neutral situation, but it is unlikely your residents can afford that.