I would've rather had the $8k they cost the seller as a price reduction.   

In SFO as housing cools off slightly, the tenant demand a rent reduction is often met.

A person just has to assess whether appreciation+principal reduction can offset transaction inefficiencies to decide whether owning a primary is an asset or a liability vs alternative use of the money.

Occupancy %, turnover costs, rent reductions. 

Given the inspection findings, you have a basis to renegotiate the purchase price or request seller concessions, such as a price reduction or credits at closing to cover repair costs as well.To do a proper analysis on whether the purchase is worth it, you'd need to calculate the expected rent after repairs and the ARV.

.- Price reductions for existing homes are happening, nationwide nearly 39% of homes listed for sale will reduce their price.

If you are already in a VA loan you can take advantage of the VA IRRRL (Interest Rate Reduction Refinance Loan).

Am I unreasonable in asking for a 5K reduction?

Atthe Great Recession (GR), there were many markets that suffered increased vacancy and reduction in rents.

I use three parameters: Cash flow; Appreciation; Principal reduction.