Now imagine 10 years from now, or maybe 20 years... there will be robots replacing our tenants jobs... our tenants will have no job, no income, and can't afford rents, especially the ones that have lower income jobs that are easier to be replaced by robots. 

to be some upside that I am missing in my valuations:Purchase price:  495,000Units:                      16Rental Income:      8,400/moDown:                    20%Down:                    100,000Closing:                      6,400Repairs:                    16,000 (assume 1,000 per unit)TOTAL INVEST:     122,400Costs:  Debt:                  2,800.00 (6%)   Taxes:                   690.00  Insurance:            200.00  Sewer:                   800.00  Heat:                  1,200.00  Yard:                       40.00  Garbage:              300.00  Cap Exp(3%)        252.00 (Lower than I normally go)  Repairs (5%)        420.00 (300.00 per yr/unit)  Mngmnt (10%)    840.00  Vacancy(7%)        588.00  Screening              40.00 (tenant screening)TOTAL COST:     7,600.00 (rounded)Monthly CF:          800.00 (yikes...…...50.00 per unit!!)

I feel like it may steal some tenants that may have been interested in renting my units...i feel like the only want to compete is to lower my monthly rent right or maybe doing some serious rehab?

Also get "gazelle intense" and pay off the credit card debt, which associated increase in FICO will result in lower interest rates and better monthly payments on your future acquisitions. 7.

@Donald Green Based on your OP, I am guessing you're talking about lower-tier class C and maybe D props with Section 8 tenants?

@Tyler Mullen"application for financing shall be submitted to the lender within X days"His did say that and the buyer did make application within the time frame.

Like any area there are nuances and submarkets that are 'easier' to get into than other areas - lower cost inventory. 

I would think coming from a third world hell hole where money is worthless their standards would be lower.

New tenant moved in Sept 1st into back lower unit.A friend on behalf of him is using his cell via text to contact me.

shouldn't it be lower for condos because some repairs are being done by the hoa?