Sometimes, our sanity and a reduction in workload is a valid goal.

So I use a company that only gets paid on the portion of the reduction they get.

A price reduction would save 'em like $9 a month, so they are good our way.I sold my first and last house ever with a full service brokerage this spring. 

So, he will reap the benefit of the reduction in P&I on the loan over time.If he is unable to obtain financing in one year, it would revert to a six month lease and he would be required to pay a damage deposit at that time.I am calling this an "Agreement of Intent to Purchase Residential Property" and not a Lease / Purchase Agreement.

One went all the way to the state level and only got about a 3% reduction.

Unless there is a demonstrable reduction in the amount of work being done per turn, why would they take less? 

My original plan was to rent out the space to Section 8 tenants, but from my experience so far, dealing with Baltimore City housing and inspections can be a serious pill.

@Stacy Smith , tax reduction strategies for real estate businesses and investors is not rocket science.

Is there anything else I need to do to be able to take that reduction for my wife?

Conceptually think of house hacking in the NYC metro as a reduction in rent.It all boils down to the numbers, but if the direct property costs (mortgage + insurance + tax + capex/repairs + vacancy) - the income (rental income) is less than your rent, you are effectively saving yourself money, aka "rent saving"I did this in 2014 in Westchester county (different location, different time, different market), but effectively cut my rent in half.Regarding Basit's suggestion, I would follow this ONLY if your cashflow from the other market is greater than the "rent saving" in NYC on a per dollar invested basis.Joe