In similar fashion, consider the impact of California’s Proposition 47 that in effect legalizes stealing up to $950:https://www.foxnews.com/us/california-prop-47-shoplifting-theft-crime-statewidehttps://www.laadda.com/lies-behind-selling-prop-47-57/https://www.latimes.com/local/crime/la-me-prop47-anniversary-20151106-story.htmlAnd yes, The Gray Lady herself will vehemently disagree:https://www.nytimes.com/2019/01/21/us/california-incarceration-reduction-penalties.htmlWhat I find sanctimonious is the bold, unapologetic attitude of the Oakland City Council to pass a law that merely appears good, kind, and compassionate (so as to fool and maybe even humiliate the opposition into silence) but in practice erodes away at a vital foundations designed to keep their city safe and strong.

So waiting on that one to see if it sits on the market long enough for a price reduction to where our numbers make better sense.Over the weekend though we found another property with a higher ARV and were able to take a look at it today.

I'm grouping it all together because I think that's the only way this owner would consider a large reduction on his asking prices.

The city will be negatively affected if they do not diversify their product offering which is reflected in the reduction in gambling revenues and the increased emphasis by major casinos on entertainment (nightclubs and bars) as well as restaurants/shopping.Sukhbir

In the 80's there was a reduction in the Rate of increase (derivative of increase if you're a calc guy) - but there still was an increase (all while rates were going up).    

The result - the property sat there and we had to take a steep price reduction (which cost way more than the cost of appliances and cost of staging!).

Flowing $400 after costs and local manager, plus $300 Prince reduction.

@Daniel Smith you can take a price reduction.

The Dept. of Justice says rebates are allowed in Arizona and 39 other states. https://www.justice.gov/atr/competition-and-real-estate-state-7 But the Dept. of Justice website calculation on Realtor Rebate Savings is very weak as you can do a lot better  https://www.justice.gov/atr/consumers-save-thousands-commissions Also, depending on the loan and type of property you're purchasing, Buyer Agent Rebates can:pay for Interest Rate Reduction pay for rental car for buyers while in FLpay for plane tickets to FL to shop pay to eliminate PMI pay to buy out remainder of leasepay towards down paymentpay for the 1st full year of home ins. pay for taxes and ins. escrowspay for a Home Warrantypay for home repairspay off credit card debt, auto loans, etc.pay off collections and judgmentspay for new furniturepay for all new appliancespay for home remodeling and additionspay to have home painted pay for weekly pool maintenance pay for credit repair pay for landscapingpay for monthly lawn carepay for new A/C system...........and pay portion to prior agent for their efforts

Not likely - there are a handful of issues, here are a few:Lender can't get title insurance on a project that is currently under constructionBuyer can't get title insurance for a project currently under construction *I say can't but, maybe can with a lot of paper work, bonds, lien waivers, etc.Too much risk in knowing if the builder can finish if already in troubleThe lender for the builder isn't going to release units without some principal reduction, unless building with cash.Your father would be much better off supplying a loan and in return getting the units - although there is a large amount of risk here based on the builders ability to finish.If the project is 12-18 months from completion, it cant be that far along and the builder is already hurting - that is bad news.