I don't want to ask for an unreasonable reduction because I might loose the deal, but I also don't want to be short changed.Love to hear what y'all think.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

We manage a bunch of townhomes for clients and we are now for the first time having to do slight reductions on turnovers.

Due to a reduction in supply (properties destroyed or rendered unlivable) and an increase in demand (from those displaced by having their properties destroyed or rendered unlivable), home prices and especially rents actually tend to go up immediately after natural disasters.

With NNN there is no reduction from operating expenses so monthly NNN x12 should equal NOI. 

This might lighten the weight of the tree toward your property;  so this might help or not. 

Most of them don’t even own real estate and just hoping for price reductions so they can finally buy. lol.

I felt discouraged, but the seller stuck with me because of the rapport we’d built.After a final price reduction and a third inspection, things changed.

EDIT - 700lb weight limit.

@Mitchell KosekHouse hacking in South Florida (SoFlo) offers cost reduction, appreciation potential, and local management, but may limit properties and require FHA loans.