The rent is lower than I hoped for; however, it is above rental market here.  

The only multis we do this for are MTRs that are furnished as the folks are there for transitional times/work, not for a LTR as it would be better to just lower the rent and not have the headache. 

@Mo Nueman Pics/Videos - agent can handleBasic Inspection: would call these a Walk-Thru, again agentNeighborhood Insights: agent can do, but often not well. 95% of agents have ONLY done an owner-occupied buy or sell transaction.

They are different types of transactions and that is why we do it differently.

Many investors from California, are investing in the mid-west because of the yearly returns making more sense in these lower priced markets.

Should I offer lower?    

I need one who have done 1031Exchange transactions.  

If so, it could still very much make sense.If this is simply new construction in a low-end area though, that's different.That said, if this area is rapidly improving I'd be much more inclined to buy some of those lower end section 8 houses than I would a new construction project.

Nevada is landlord friendly, lower property taxes, lower entry prices, and close to SF. 

Sect (f)(1) - This would require Landlords to keep rent at the current, lower rate for 90 days even if the current Tenant does not accept the increase and decides to move.