No one can gauge the extent of impact, especially for your specific sub-market, so best thing to do is maintain optionality.

I wonder is there some sort of formulaic guideline that one could use to gauge what is a reasonable amount of negative cash flow for a given property.

@Rebecca E.Interesting discussions, with rising interest rates wouldn't there be less motivated buyers causing increased DOM putting a downward pressure on the prices?

Moving forward, when you view a property, I would create a specific scope of work (SOW) to provide to your contractor to gauge the overall estimate.

I'll be interested to hear what other investors say, but I would never passed go with just one of these conditions, let alone all....no section 8 tenants, no interior inspection, no seller stories that ask for a high pressure fast close(unless some real good DD was provided to back it up), no out of state for a first investment.I am curious what advice or experience made you think this was a good deal for you? 

We’ve been using the Airbnb calculator and a local STR management company to get a good gauge on potential income.

@Manan PatelRates have moved significantly in the past few weeks as inflation increases and with the Fed talking about 3 interest rate moves this year, the expectation is upward pressure on rates going forward.

Creating more reason for them to pay, versus me doing a civil suit and even if we won, still having to collect.Hole size question, this is all off the cuff, don't want to start a hole Ballistic discussion:  Being thinner metal buildings, it expanded more at the beginning with the speed of the bullet (and air pressure/kinetic force) and then the holes got smaller as the velocity was reducing. 

I get a message from listing agent saying to submit best and final by certain time.My question is that in deed true or just a pressure to buy tactic?

There will be pressure in this market to buy without these protections but I think it is better to take longer to buy than to buy without the proper precautions being taken.