The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Note: It is too late to take a loan under the CARES Act.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

If income tax reduction is the only goal the answer is simple. 

once the income and expense figures seem reasonable (remember these numbers do not typically include any rent reserve which is a reduction to gross income to arrive at adjusted gross income), i do a quick cap rate calculation (NI/asking price).  

Currently, your bid would be less than 70% which with no apparent price reductions that I can see, has no chance of being accepted

@Patrick SearsIf investor gives you today $100k capital gain and holds for 10 years, then in 2026 he will recognize that gain but only $85k... he gets basis set up of 15% (or reduction of gain by $15k).

You should buy smart to ensure strong cash flow that can handle rent reductions if the market slows.

@Nelson Taylor ,Benefits: A) Temporary deferral(possible reduction)of inclusion in gross income for capital gains reinvested in a Qualified Opportunity Fund (QO Fund) ■ Held for 5 years - 10% of capital gain is avoided■ Held for 7 years - 15% of capital gain is avoidedB) Permanent exclusion of certain capital gains from the sale or exchange of an investment in the QO Fund.Example:A sells a property and realizes a gain of $1 million on Dec. 1, 2021.

Most banks make price reductions approx every 30 days so if a property is overpriced, just be on the look out for those reductions.

I've had a lot of success with a vacancy reduction plan that starts as soon as I get a 30-day notice.

To go to a 25 year amortization with a 5 year adjustment I would want a much larger reduction in the interest rate than .25%.