I am a little more optimistic that at least in the commercial multifamily space that sellers will start lowering their prices here in Chicago. 

But this is when I'm optimistic with the numbers.

Re-listed it in November and had it under contract in 3 days...but because (a) I wasn't familiar with the nuances of the specific area in that market which let me to have an overly-optimistic ARV and (b) the market turned, I'm going to end up losing about $20k on the deal when it closes on the 20th. :( :(7.

Time will tell, but I think some sellers are being overly optimistic about market conditions shifting significantly between now and spring/summer 2023.

The property is a 3 BR/1 BA in Benton Park neighborhood of Bakersfield, CA.I approached this as a BRRRR deal, and wrote a blog post about my sources for these numbers (including the expected monthly rental income, which I realize is extremely optimistic to many seasoned investors, when compared to Rentometer numbers).Even at this optimistic income level, I concluded that this deal was unlikely to succeed. 

Optimistic Taxes. 4000. 2000Insurance. 4000. 2000Property management 5000

In our neighborhood, this home as a high end single family (by the time we are finished), should be worth about 500k (optimistically); $450k easily.

My thought/hope would be the reno would add a lot of value, however that is optimistic the more I work out the numbers. 

I'm optimistic about this area too.

We have a goal of 40 doors within 5 years, hoping to springboard that over the next month with a 4 unit (2 duplexes on same deed) property currently under contract and a 2nd offer out on a optimistic duplex.