The builders do not want to lower prices which would affect future comps for their other new builds. 

The offer is always going to be lower than asking price, sometimes considerably lower, but you also don't want to be insulting and throw out a super lowball offer.

Rates are slightly lower today.

I see similar locations as a "Guest Favorite" on AirBNB.Based on my comps, a lowball rental estimate for long term would be $1900 monthly.However, on AirBNB, taking into account 66% occupancy of similar locations as well as a similar nightly fee, I would pull in around $3000 month as a lower estimate, not taking into account a peak season or heightened demand due to an event.

😮‍💨 Woodlawn and Pilsen are strong rental markets — so the real deciding factor is going to be your numbers and your strategy.One thing to consider is that with newer construction, you’ll typically see lower insurance costs, fewer maintenance issues, and far fewer future headaches.

Hi,  Any advice  I live in Texas, my portfolio is increasing in value and so are my property taxes This is despite contesting them yearly. at the same time recent new construction of Class A multifamily properties  ha...

If anything the shared appreciation program seems more of a benefit for a lower payment and lower barrier to entry. 

We have about seven long-term, month-to-month tenants, primarily lower-income residents.

You are looking for private money for lower than 5.875%?

Stack more lower price properties but have more doors.