Personally I take a financial planning approach and I put most of the decision weight on financials.

As somebody who self-manages my properties, I put a lot more weight on the location and type of renters I can attract than on maxing out my returns because the returns don't factor in the additional work that is required on the higher return properties.

I requested a $75K reduction and the bank said 'no.'

Since the tenant caused the damage there will be no reduction in rent , and repairs will be extra rent .I have the utility company contact me if utilities are shut off , the properties on well have no water without power , city water does , when I get a shut off notice , I go over and blow out the water pipes (winter only) and I disconnect the electric from the water heater ( save the elements) .

Additionally, it's looking less likely that we'll have as drastic a reduction in income as originally stated.

Working to see who can assist me in taking out additional equity and refi out of a FHA at a higher rate but the reduction in PMI can help me with the cash out to purchase another property.Our situations are not exactly the same, but to me it seems that a preliminary screening is done by the loan provider asking for the mortgage outstanding and the appraised value and credit score.Then look into the required LTV since a refi and cash out option can result in a higher interest rate and lower LTV requirements.Hope this helps.

It is my understanding once you put in any bid you can get on their list for that house for future price reductions on it.

Went through a price reduction to $112,500 which I thought was odd, usually 10%.

The cost of not having an education in this business far out weighs the cost of having one.So I recommend that you do your due diligence and find a good course or mentor because they are out there and a good one is worth his/her weight in gold!

Leaves a cash flow of 7k/year before taxes & depreciation to stash some away for a rainy day and some for principal reduction/another property.Maybe in a year I'll be begging for mercy at my ignorance.