It has been on the market for 134 days, so I may be able to negotiate a lower price if the seller is motivated.My down payment is 3%, and closing costs will be factored into the mortgage.The amount for principal, interest, property taxes, insurance, and mortgage insurance is around $740-$760/month.

Rates and points vary by a lot, biggest factor is how much you want lender to fund.

@Mindy Perry I think there are a lot of factors in that and its a possible yes.

I'm no expert, but I think new construction is a decent factor,  population growth will be another big one, employment and industries locals work at.

It was a huge practice space for musicians and it was bought up by a developer and he did the VERY uncool thing of booting every artist out of it. 

Now obviously there are other factors that impacted those outcomes but all the houses were remodeled very well, with new flooring, paint, appliances etc.

I am sure I am overlooking many factors so I would really appreciate any help you guys can offer.Link to potential property https://www.redfin.com/AZ/Glendale/4913-W-Grandview-Rd-85306/home/27875265

The housing development of condo type in my city has been increasing in the last few years.

But if i am looking a property for a housing track they will give me for free a developers package which is a huge 3 ring binder with all sorts of data  from demographics utlities zoning and if I request a full title search.. this all for free.. with the expectation if i buy that development they are going to get 10 to 50 million in title policies.. from my retail buyers.  

Make sure you factor in your flood insurance cost and I would also require renters to have additional flood insurance for contents on top of their regular renters insurance.