they will be worth their weight in gold

On top of it, reaching 20% down through principal reduction and appreciation could be a decade out.So you should probably look at the project as a long-term partnership with you co-owning this with your sister for the foreseeable future.But these are great opportunities. 

But back to the original point. on RF today 99 homes have price reductions and about 2/3 are above the median of 550K, yes 'values' will drop if the price is initially set too high, which this the data tells me.

on top of this, what we found is finding high density allowances of at least 150 dwelling units per acre and taking advantage of up zone incentives through hotel development, affordable housing development, etc. we try to develop the lowest cost per door possible and another way to do that is through micro housing development. raw land we also look for underpriced land that we can raise through entitlements the value. those are just a few of the tools we use in addition to parking reductions and other incentives for tax abatements.

Do you think that’s because of a reduction in competition?

You will have to ask for it anyways if they have trouble and ask for reduction in rent etc.

If you can add additional room and/or kitchen the value of the home is higher.Why I said this data is becoming too easy is because, if you chase in good market (DOM < 10/15), market is efficient so much so that the best house to buy is usually home with price reduction or having DOM double than the normal.

Like I said in another response to this thread a really good TC will have a hand full of top producer be worth their weight in gold and make a VERY nice living for an in home job that comes to you with little to no over head.. 

However, due to the timing the Buyer is asking for $20k price reduction due to the water leak damage.  

My price reduction %'s are spot on, and have been for years.