Also, the EPA's Consumer's Guide to Radon Reduction is a quick and easy way to learn more about the different ways to fix radon problems

So position yourself with sufficient capital reserves to withstand a reduction of values, or income, as at  some point it is inevitable.

I think what is tricky is estimating current cap rate potential on a vacant property, as almost every BK landlord I know, including myself has incurred reductions of 10-15% in asking rents from 2019/early 2020. 

Practically speaking, reduction in cashflow.

No reduction of price and they are holding firm on the deal. 

Downsides would be you would lose STAR exemption (NY reduction in property taxes for primary residence) and the above mentioned exemption for financial aid.

@Jay Patel@Justin B.What those of us who invest in GENERAL are saying is that Cash Flow is NOT the only way to make money in REAL ESTATE nor is it the most important way.There are AT LEAST 4 ways:Cashflow, Appreciation, Mortgage Balance Reduction and Tax Savings.The problem is really about education.Most people will read about simple calculations like GRM, CoCR, etc.

What about principal reduction and appreciation? 

Pros:- Ability to make offers at a significantly reduced price point- Significant reduction of monthly expenses (larger monthly cash flow)- Larger equity position (can be used for potential future financing)Cons:- Larger upfront cost- Lower ROI/COC returnWith these pros and cons in mind, and as much as I love the idea of leveraging real estate, I am not comfortable with neither the economic state of the US nor the current position and uncertainty of banks.

But the risk also goes up.. when markets here belch a little bit the higher end houses can see price reductions that are significant.