You can talk to local and regional production builders to gauge their appetite and opinions about the market and potential of the area. 

That being said you can hedge new inventory pressure by researching the markets you want to invest in and find out how many units are in the pipeline.

You'll want to see what other rental properties with/without fences that are similar to yours in both location and amenities - and gauge the rent price based on those findings.

I just want to gauge what other people are doing for their calculations. 

Yes I believe we could get it ready by the mid to end of December with a LOT of pressure but I doubt we'd have a tenant in by end of year. 

@Randi Shannon Randy, you were smart to do your research and take it slow rather than letting his timing pressure you into taking action.

They can probably advise you on whether a termination fee is legal and, if not, may be able to put pressure on the PM to let you go.In the meantime, you need to start looking for a new property manager.

When the sellers are proactively pressuring you to do that, that's another thing and it means everyone knows this property is worth less than what you are willing to pay.If someone with a good DTI is putting 20% down and the appraisal comes in say 3% or 2% short, I can restructure the loan such that their down payment remains unchanged but they take on PMI, often times I'll go all the way down to the next 5% increment so they keep cash in their pocket while I'm at it (IE: consumer 'feels' they are putting 20% down based on sales price, underwriter views it as being 'really' 17% down due to appraisal, well screw that 15% down gets the same PMI rate and lets them keep money in their pocket, so we're doing that not 17%).

I just kept thinking of all the articles I read stating if there is any pressure to close the deal from a lender then you should run.9) He was wondering why I worried over losing $1,055 for the inspection and appraisal when he stands to lose more as he is putting up a whole lot more.

It's hard for us outsiders to gauge whether that's accurate without more property info (type of property, number of units, number of rooms per unit, zip code, house hacking vs renting on Craigslist vs renting to corporate travelers, etc.).