I may be paying $30 more on my payment but that’s better than the alternative that could have been $100. 

My line of thinking was if we end up in oahu we probably won't be able to buy a house but we can save and really enjoy hawaii and the nature and even do our part in giving back to hawaii.

I’d say if you don’t like it, you’d need to have an alternative contract drafted.

Thus, a random sample of any given date, your natural loss to lease should be 1.5% even if every lease is brought to market every renewal. 

Alternatively, raise the rent to market rate.

Bigger drop at end of year.Great Recession was the same...tech crash too.I'm on my phone so can't pull up the charts, but it's the natural psychology behind the market.After this stimulus passes,  likely a jump will happen and you'll feel you missed the bottom.

If your strategy depends on future values and future rents (or even current values and current rents), or if it depends on you being able to get another loan to refinance, you need to have an alternate exit strategy.

Alternatively, I suggest you reach out to a mortgage broker to work with. 

@Dave Nye the alternative to your 1031 is a Deferred Sales Trust, not be confused with a Delaware Statutory Trust.  

Before I got my license, I would look on Zillow/Redfin/Realtor.com for normal homes and fixed up ones in the same area every day for months until it became second nature what the spread and ARV were for those properties.Desktop appraisals are okay for getting you in the ballpark.