In 2005 I started telling my members to decrease their debt load, unload marginal properties while the prices were approaching the peak and improve their cash position.

Consumer spending decreases which triggers more layoffs, and ultimately causes some businesses to fail.

If those proceeds decrease, it may void the approval.

If the vacancy is dropping, how is that happening and how can you be sure that trend will continue when the MI trned of population growth has been steadily decreasing over the last two decades?

Mortgage will decrease from $1,100/month to $675/month. 

If reduce rent as compensation, you can’t write that off, you’ll show less cash flow (which will decrease the amount you can leverage on Thao property from a banks perspective if you wanted to purchase another property).Personally, I’d keep rent the same, and mail the tenant a check each month.

I would like to decrease my interest rate as well, which should save me money even in the short term.

So far, I have seen a net decrease (at least for the two in question).

On the other side, as demand decreases, home values have to be dropped by the owner setting/accepting a lower offer. 

. # beds/baths5. school districts6. historical neighborhood turnover ratios+ moreThe increase your monthly rents by decreasing your deposit, charging pet rent, tenant pays first $x of repairs + more....In today's market you cannot think like a 1980's property owner....