Don't forget though, you will raise your rents next year...and the year after...and so forth.  20+ years of owning rental properties I have never decreased rent.

In this brief article, I’ll walk through two great strategies that real estate investors can use to help decrease their tax burden at least temporarily.What is Depreciation?

Over the past year, the median sales price of single-family homes in Country Club Hills Rose 7.7%, and the average days on market have decreased from 89 days to 46 days. 

There was a slight decrease in median sales price from the preceding month and no change from the preceding year for the entire Austin Metropolitan Statistical Area.The City of Austin saw a change in month to month median sale price from $555,000 to $530,000 a month to month decrease of $25,000 and a 1% decrease from the previous year.

I followed through and got the deal done.NUMBERS:Purchase price: $103,500 (off market deal)Closing costs: $4,409Financing: 25% down, 6% fixed 30 year noteAppraisal: $117,500Renovations and deferred maintenance: ~$10,000PITI: $673/month (tax will likely go up next year; they are relatively high in this market which is one of the downsides)Vacancy, maintenance, long term cap ex: 15% of monthly incomeManagement: ~2% of monthly income (self-managing for now with Hemlane, cost is highest for the first unit due to flat annual fee for the software and decreases as properties are added due to nominal fee incurred with each additional unit).

We initially offered $15k in concessions, which was decreased to $8k, but then we got nearly 100% items on the inspection report resolved before closing.How did you finance this deal?

That way, you know they have actually worked with that vendor and that decreases your odds of working with a clunker. 

If she rents at the fair market rent now could it decrease in future and then get a lower rent from section 8?

We initially offered $15k in concessions, which was decreased to $8k, but then we got nearly 100% items on the inspection report resolved before closing.How did you finance the deal?

Also he bought the property in 2004 for 150k in that condition and the value decreased to 50K in 2008 where he stopped payment.What should I do?