If a tenant is asking for rent reduction in normal times, then that's a red flag that you have to find a new tenant.

The ATI Exemption will be the greater of either A) a reduction of 25% of the new assessed value, or B) the previous assessed value. 

**Why A Half-Point Rate Cut May Signal Bad News**While many view the Federal Reserve's half-point rate reduction as a positive sign, I see potential red flags.

I guess the reason why my wife is very hesitant on cutting losses is because between our friend and us, we have spent $92,000 out of pocket on this deal and I guess it’s a tough pill to swallow

You could consider a price reduction just to get it rented out.

I would say that any reduction of 1245 assets in a 1031 exchange with a cost segregation study would constitute boot, and the 15% rule should be considered.

That's going to be a hard pill for most folk to swallow. 

This may me a hard pill to swallow considering you apparently paid an attorney to draft your leases for you.

The tenant alleged that the landlord did not provide her notice about the Rent Adjustment Program and terminated her lease when she sought a reduction in rent due to the construction work.

If you have paid, like we did, swallow the pill and learn what you can.