We have reduced the price three times.

Examining market conditions and historical performance helps mitigate risks and enhance credibility.Reducing UncertaintyThorough investigation and analysis reduce uncertainty in investments.

Having mortgages does reduce the amount in your bank account at any given time.  

Why not ask your agent if he will take a reduced commission?  

That said, I see a lot of people occupy their coastal properties with a seasonal tenant throughout the winter months at a reduced rate.

I do need to look closer to the airport since that is near where my husband's job will be and would love to reduce his commute which is currently a pain in the butt here in CA.

With larger portfolios that could be reduced per property.  

If they deny the rent, they will send you a letter asking if you will accept or deny the reduced amount.

The current market value of the home is about $645,000.Key Details:Purchase Year: 2020Purchase Price: $415,000Current Market Value: $645,000Mortgage Interest Rate: 2.99%Equity: $320,000Current Monthly Cash Flow: $1,450Return on Equity (ROE): 5.44% (without variable expenses)Return on Investment (ROI): 14.5% (without variable expenses)However, I've noticed some trends that are starting to concern me:- Home prices in my area are slightly reducing, and rental prices are also on the decline.- There are more houses listed for sale and rent in the neighborhood, which is pushing rent values down.- My current lease is up in September and the tenant is leaving, and I expect my monthly cash flow to reduce to $950, lowering my ROE to 3.57% and ROI to 9.5%, again, without variable expenses.- Homes are staying on the rental market for a few weeks, sometimes months, even at lower prices.

So in my mind STR is good tool to catch long term appreciation and REDUCE EXPENSE when folk is vacationing.For me it is as the following:if you like snowboarding you would buy in Tahoe or Denver or Aspen.if you like beach you buy in Hawaii, Destin, Panama Beach FL or San Diego.if you like hiking/forest you go to these Servier county,etc.The problem is if you don't have hobby and don't like to go for vacation LOLI cut 90% of my vacation budget by having STR, this is the internal profitability metrics LOLIf my own purpose is to make money I would find investment that yield 30% IRR and >1.5EM and I know it's not that in vacation market in 2023 lol.