Watched it list for $90k, then price reduction to $70k.

That gives me enough wiggle room if I go over budget or I have to do a price reduction  if the market changes.  

Most of my clients get credits and price reductions.

Mortgage, HOA, specials, taxes, insurance would be 1800 with 2600 income per month.Overall my thoughts are that the price is high for the rental value but it’s new and is currently rented which provides some stability and risk reduction since I can almost definitely count on rental income until the leases are up before I have to be concerned about vacancy or repairs (hopefully).  

If a property owner chooses to use self management or participates in construction management the year bonus depreciation is used, that does not mean the property owner can t switch to passive investor status in subsequent years.Using Section 179 expensing and cost segregation remains as one of the best tax reduction strategies involving RE and STVRs in particular.

Maybe have all fees paid as a priority or preferred return out of profits, that way if there is a cost reduction issue, and fees have to be reduced, you make them up as priority payment from profits, then do the splits afterwards.You need to take into account imperfect execution scenarios, or market down turn scenarios.

One seller is offering : $10,000-$15,000 Down, 12% Interest, 15-Year Term, 15-Year Amortization, 10-Year Prepayment Penalty, Can Sell with Assumption of Loan (After a Certain Number of Years Owned) in Reduction of Years) The price of the unit is at the high end of the market as well.The other seller is offering:(25% Down, 9% Interest, 3-Year Term, Interest Only, Willing to Amortize, 1 Point at Closing on Loan Amount.

One seller is offering :$10,000-$15,000 Down, 12% Interest, 15-Year Term, 15-Year Amortization, 10-Year Prepayment Penalty, Can Sell with Assumption of Loan (After a Certain Number of Years Owned) in Reduction of Years) The price of the unit is at the high end of the market as well.The other seller is offering:(25% Down, 9% Interest, 3-Year Term, Interest Only, Willing to Amortize, 1 Point at Closing on Loan Amount.

This organization is the HOME DEPOT or WALMART of the Asset protection total business organization, tax reduction and throw in stock investing help you do it best advisors.

Often times, if the seller is open to it, you can work in a price reduction or seller credits post-inspection.