Norfolk, Plymouth and Bristol counties, where prices are much lower for both buy & hold and fix & flip properties.

Interest rates have risen, lowering buying power.

As we continue to grow at such a rapid rate, our barriers of entry are still significantly lower than the Dallas market.

Do you already have access to that $400K? 

I haven't seen anything in my price range ( We have about $60k to invest )  but I don't have access to the MLS so want able to explore what's really out there.

Hokay, at first glance the monthly cash flow is lower than I'd like.

@Jason DiClementeYes thanks for response that was what I was trying to figure out what should I negotiate lower over all price and if so how much?

If income/expense numbers given to you were inaccurate, then I would lower my price to adjust accordingly to the cap rate you agreed upon the incorrect numbers.No deal is better than a bad deal, and losing a few thousand dollars is worth it not to get into a bad deal.The broker can put any description he wants, but he should not be passing over incorrect income & expense numbers.Go back and lower your price accordingly or else walk away.  

I also have access to both Costar and Reis, which can help you with rent comps in the area. 

It will be lower if the tenant stays for 2 years or more, etc.