If comparable units rent for $1,200 with the tenant paying the utilities, then $1,200 with utilities included is a pretty significant price reduction and it's unlikely the tenant will leave.

Agent thinks they just want a price reduction so demanding as much as possible. 

Hello,A good rule of thumb in NC I tell my sellers about: if we get lots of showings in the first 2-4 weeks, but no offers, the price is too high by a good bit (15-25% estimated).If we get showings, and one low ball offer, the price is a little too high (5-10% too high).The longer a property sits on the market, the more likely you'll end up accepting a lower price ...better to go ahead and do a price reduction now and sell it faster, than letting it sit and eventually the market will do the price cut for you. 

They are usually paid a fee of 25%, 30%, or 35% on the taxes they save you, IF they are able to achieve a property value reduction. 

If someone looked at YOY price increases versus size (reduction) in core, staple products being sold in america, it'd give you pause. 

Curious if there are whispers (or shouts) in Columbus about the same I go to city council meetings almost every Monday and they are extremely developer friendly and new construction friendly. while there is pressure, I don't think it will ever happen. columbus wants to see economic development and would not place legislation that would restrict the free market in my opinion. right now they are doing the opposite and redoing there zoning codes to allow for higher density and higher height as well as parking reductions. just google "zone in" columbus and you'll see. there's a lot of articles about it. 

Vacancy is more of a reduction an income than an expense.

That $140k could be used to buy another investment immediately.Don t worry about future reduction in deductible expenses.

Positioning ourselves for debt reduction and also investments in other asset classes (Country Subdivisions and Teak Plantation). 

Honesty is a hard pill for a lot to swallow.The new investors who show up prepared, take a couple lumps on the chin, and learn from it and engage productively, will be doing deals in no time.