I might add that depending on the size of the apartment I would encourage you to look for "value add" amenities from an investors standpoint (revenue adders) as well as expense reduction opportunities. 

@Adam M.Even without an employer match, you are getting instant ROI in terms of a reduction of both state and federal taxes. 

Buyers in Las Vegas will benefit from the price reductions.

This has been a rapidly appreciating market with some months nearing 20% appreciation so sure 4% month over month reduction in price looks stark in comparison but were still up 6.6% from last year which is 2-3x the national average, our inventory is down to just over 3 months of inventory now and our days on market rose slightly which indicates market stabilization. my crystal ball is in the shop but I'd put money, and am because I'm still personally buying, on the market stabilizing in the next two months. we also have contributing factors such as Meta moving outside of Boise which will draw attention and Micron adding 15,000 jobs and 15 billion of infostructure to Boise.

all the online clickbait about huge reductions is in higher priced homes. 

Hardly “coming online fast” it continues to hover at a 3 months supply, when six months is considered balanced.https://www.movoto.com/las-veg...Seattle new listings are down 10% and there’s less than a 2 month supply of properties  https://seattlebubble.com/blog...There’s so much recency bias that people are seeing a reduction from massive growth to just fast growth as a crash.

I can list your home for $800,000 knowing full well it won’t sell for more than $729k just to get the listing, then after a few weeks, agent explains to seller, “the market has spoken, no offers and everybody is giving us feedback the list price is too high”, then they get the price reduction.

You have a right to all monies payed to current owner to be forwarded to you with no reduction to include any prorated rent if you are closing in middle of mth and all dep $.

How much of that is principle reduction monthly?  

The house had been on the market a long time with several price reductions went SP then fell through.