Keep in mind sometimes people say that to try and drive the price up and get the most for their property but I look at it like this, if she truly had such a high offer why would she still entertain you if you low-balled her?

Let them stay at an affordable rate and count your blessings.

Most of the families (hardworking, middle class) that we showed the apartment to were people who simply couldn't afford Dover prices anymore. 

@Xavier Jefferson some people can't afford a down-payment on a house and rent a SFH is the next best thing.

Also, great post on the Blog - The Creative Way to Gauge Whether You Can Afford Your Rental's Worst Case Scenario!

Put it differently, the multi-million dollar homes are not selling and more affordable lower million dollar homes are selling well.

Too many little expenses that I do not know if my mom can afford.

Or you can go a little North to Wilton that has excellent schools, or a little farther east to Westport, but Norwalk is by far the most affordable.

Eg, if the tenant can only afford $600 instead of $650, the property is empty for a month if the tenant leaves, then it'll take you 13 months to make up that missing month.In my opinion, empty properties don't make money.FWIW, we have dropped rents for tenants in the past, like the couple who had just had a child and her company fired her when she went into labor three weeks early.

They know that an investor will not fight them, because we cannot afford the carry cost from the time it would take.