A peek online indicates that this is a competitive area, crossing fingers it sells quick!

One that requires legal turf protection to stifle competition.  

If you take it to the extreme I’d like to see an interest only loan option that had a competitive interest rate, I mean I do like principle pay down, but I like cash flow better, and in the end equity gain is where the really money is, so any tool that would allow me to use more leverage and reduce risk by increasing liquidity is better for me. 

Check out your successful competition and see what they are doing that is working and use this as a guide to what you should be doing.

Most investors focus on “price,” but smart investors focus on structure.A $10,000 discount looks nice on paper—but the impact on your monthly cash flow, debt service coverage ratio (DSCR), and approval odds can be underwhelming compared to the same amount in seller credits.Here’s why:A $10k price reduction might save you around $60 per month on a standard 30-year fixed loan.A $10k seller credit, used to buy down your rate, could reduce your payment by $140 per month or more.That’s more than double the savings—and it improves your property’s DSCR, which can be the difference between getting approved or not.In a world where every fraction of a percent matters, understanding how to allocate negotiation dollars is a hidden superpower.

Here’s how I’d think about it as someone who owns multiple multis across Chicago and watches taxes/neighborhood cycles pretty closely:Woodlawn (Option 1):You’re absolutely right about competition.

I have a few Airbnbs and know what we execute on to stand out but it just seems like there's WAY too much competition and the juice might not be worth the squeeze.We're trying to be within 10 minutes from the beach and downtown, which is putting us at a price point around $600K for a prospect property, but even with those numbers at 20% down w/ taxes/insurance, it doesn't seem worth it with the surrounding competition.

It tends to build competition.  

Start a 3–5 fund diversified index ETF plan (auto-buy monthly), add a high‑yield savings for emergencies, and consider a fractional REIT or crowdfunding share to learn real estate without heavy capital.

If you are in a good market it creates competition among prospective tenants.