So that helps because I could definitely hire their help.I was thinking about buying a property like this through a loan, but acquiring a loan  higher than the asking price, to use the left over for rehabbing on a budget in hopes of rising the value and selling for a profit.

The number one thing for getting the right comps are the supply numbers to see if you should price it above/below/at comps.2month supply= seller hot market4month supply= seller good market (keep up with inflation 3%)6month supply= 0 movement8month supply=buyer good market(lose about 3%)12 month supply= great buyer marketso if the comps are 6 months old, and the supply# are hot, then you price it above the old comp.

(Hint: I said "hard", not "impossible").Because cap ex doesn't rise or fall based on gross rent, I agree that the lower the rent, the more difficult it is to make a conservative analysis work in your favor. 

In NYC, a condo is part of a high-rise structure, and generally 20 years old or newer, and primarily in the luxury market.

Maybe not at the rate we would like and if for no other reason than inflation.

There could be some deals north of Main if you're interested in low income but even those are super inflated at this point.

Construction costs are up 20% over the past couple of years and will continue to rise until we level off a bit.

Right now, my model shows this information automatically once the necessary information is entered: LTV, Cost/PSF, Cap Rate, GRM, CoCR, ROI, DSCR, projected revenues, expenses, and the resulting Gross Rental Income, Op Ex, NOI, Annual CF, Equity Capture, Appreciate and Total Return in dollar amounts over an 10 year model and adjusting for inflation. 

The crime rate began to rise and eventually the town pretty much consisted of only low income families.

I do think something needs to be done, and a halt to property turnover and rising prices in Breck are probably for the greater good.