You'll simply sit vacant for a few months, lower the price then get a tenant.

OpportunitiesAffordability: Compared to many West Coast markets, Albuquerque properties often come at a more affordable price point, making it possible for investors to get started without a massive initial capital.Rental Demand: Due to the presence of UNM and other educational institutions, there's a consistent demand for rental properties, especially those close to campuses.Cultural Appeal: With its rich Native American and Hispanic heritage, Albuquerque offers cultural festivals, markets, and historical sites.

when you purchase a property, there are closing costs on top of the purchase price, and closing costs can be substantial - especially if there are points on the loan. 

Quote from @Brandon Robertson Quote from @Denise Evans: Do NOT sit by and let him build and then hit him up for a "better price."

One way: price.

Purchase price: $150,000 Cash invested: $90,000 Bought as a forclosure gut job.

You’re probably thinking you have to offer asking price – not true!

rates are high, prices are high, good PMs and contractors are booked up and busy, and it's very tough to find good deals. 

Often $500 + a small percent of the listing price. 

So, while I completely understand your perspective, I’m looking for a way to balance taking calculated risks with creating a stable path forward.