Well, as always...it depends.So Ill make a few assumptions here and one of these may answer your question.Earnest money is due within 3 days by 5pm on the third IF there was earnest money offered in the contract. 

Assumptions, values, timing, tax brackets, etc should be laid out for the best answer go to your cpa. 

Here are my assumptions:$900k purchase price8 Cap Rate$6k/month NOI$4050/month debt service ($675k @6% for 30yr)$1950/month cashflow

I ran some numbersasking price 320 k here are my assumptions 5% interest rate,  25%down payment, property tax 8k, insurance 6k, maintenance 7k, other costs 2k, monthly rent 4 k I used the calculator.net rental calculator, I got first year cash flow 3.5k k ,  NOI number comes up as 22k .

While we have yet to build a SOLID budget (I know this needs to be done), my assumption is we can comfortably live on $6k / month. 

Instead, you want to determine the NOI yourself, as well as the NOIs after you take over the property (using historical financial data and assumptions confirmed by your property management company), and find the market cap rate from a broker (based on comparable recent sales) to determine what you should offer for the property.

You're counting only the HOA and the PITI, not vacancy or maintenance assumptions, not any upfront rehab costs.

You need to know how those assumptions affect your return.

So I wouldn’t put a lot of weight in your assumption it’s because of the season.

Check your assumptions.