Some factors that can affect rental rates include:Economic conditions: During economic downturns, demand for rental housing may decrease, which could lead to lower rental rates as landlords try to attract tenants.Market conditions: If there is a surplus of available rental units in a particular market, landlords may need to lower their rental rates to compete with other properties and attract tenants.Property location: Properties located in desirable areas or with desirable amenities may command higher rental rates, while properties in less desirable locations or with fewer amenities may have lower rental rates.Property condition: Well-maintained properties with modern features and finishes may be able to command higher rental rates compared to properties that are in poor condition or have outdated features.Competition from other housing options: If there are other housing options available in a particular market, such as single-family homes or apartments, this can affect the rental rates for housing units.Overall, rental rates for housing may fall for a variety of reasons, but it is difficult to predict with certainty when this may occur.

Hi All, my partners and I purchased a property in a less desirable area a couple years ago.

Theres many advantages that these strategies can play in eliminating all or most of your fed/state taxes.After this stage where you've eliminated or covered your housing and tax expenses its all "gravy," just keep rinsing and repeating till you reach your desired cashflow goals or net worth goals.The next stage that will come into play is stabilizing your cashflows and asset protection strategies because things arent always so stable month to month with real estate and keeping things going smoothly takes a lot of good people on your team along with processes and systems.

As I'm sure you know Prospect Heights is very desirable, but prices will vary widely depending on which street your on,etc. 

After two years one can take their broker courses if they desire.

For example, if an HOA fee is high for the area, I'd hope it would provide at the very least some amenities, but possibly cable and internet as well.Also, do some research and make sure that condos make desirable rentals in your market.

STR units help local businesses by housing short-term local workers in a more cost-effective and desirable alternative than hotels.4.

You base your offer on how they currently perform, knowing you can increase value by increasing revenue, cutting expenses, streamlining processes, etc.If you're sticking to the local market, it shouldn't take much to market your desire to buy up portfolios.

Anyway this is my offer please advise me as to what I should change to make the offer more desirable to the bank and hopefully lock down this deal, or tell me what is wrong with my offer.  

For me they are more desirable than Satellite or Indian Harbour.