One noteworthy fact is that I've already dropped about 8K on architectural drawings, though I'm trying not to succumb to the sunken cost fallacy here. 

@John T.Letter: My perspectiveOpinion, May 11, 2022This is to the renters and keyboard warriors out there from a landlord.Four years ago, my uncle dropped dead in his office at his insurance agency and left me his investment property in his will.

Well that owner had tried selling last year with multiple price drops and couldn’t, so I figured the actual price you could sell for to be less than the appraisal. 

I just dropped $13,000 for a new well and $7500 for a new roof on a rental all within 2 months .

We also have a pretty good property manager here in this area that is very helpful that I'd like to add more units to at some point since their commission drops with added units.

The ceiling to housing prices is affordability, which ought to be common sense, but somehow people don't think that one through, and conclude markets have the ability to increase perpetually.When the crash happened, sure prices pretty much dropped across the board.

I've already seen it drop in price from 330k to 300k.

Also if there are problems in many instances the seller could fix them versus dropping the priceNot sure about the offer but you need to be careful also not to lose your deposit.

Most houses might need a termite clearance and if the seller is not willing to wait, then s/he might drop your offer and go with someone else.

They just dropped them off at the onsite condo association office.