I built a software called Areii that allows you to get property value estimates and rental rate estimates.

Be conservative when you run your numbers on rents with prices/interest rates.

He had a tax credit and they didn't apply it and then because they didn't apply the credit they claimed he owed money and then charged him late fees.He tried calling them NUMEROUS TIMES and waited hours and half the time his call was somehow dropped. 

2) What their tenant retention % is for like properties. 3) Rates, whats it going to cost.

It is really important for us to keep the units booked to cover the monthly overhead (higher monthly rates to cover the 4th unit not being rented). 

You can also ask for a 'Seller Credit" which helps cover closing costs or buy the rate down if you come in high enough on the purchase offer.

@Mohammad Al-hadad investor expectations have been skewed by the last 5 years of low interest rates and artificially low prices.10+ years ago, most investors focused on Class B and C properties, not Class A.Reason: hard to get Class A properties to cashflow!

Therefore, if you are afraid you will miss the wave and drop your prices too early you will lose revenue potential.

One thing to look at in detail is the advertised cap rate and advertised NOI.

@Dominique Guinnane  thanks   1) keeping the price up is improtant to the seller  ( even if they are parting with the  credit / concession for the  temp buydown )    2)  the  lower  rate  for the  buyer  is enticing  as they  can  get a lower  discounted  rate  for  2 yrs   and then  possibly  refinance to a  permamnent  lower  rate/ payment when and if rates   drop ......thus the  2-1 buydown  can  be  more attractive to all parties  versus   dropping price  by 20K ( usetting seller )  and  having to  see the buyer  complain about taking a higher  payment / rate on the loan