They need to come back several times to fully kill the life cycle.After the first visit you should notice a temporary reduction of the fleas, but they will come back when the new eggs hatch.

While a small reduction in rent won't guarantee that someone stays long term, I can say that I have a significantly lower turnover rate and repair cost than other people I talk to in the SFR business. 

21% reduction in price.Are you making enough to take a 21% hit in income.

A rent reduction for late payment of $100 that stay in place till they have 6 months of on time payment is far better.

(Example, $1 mil spent, $5 mil "donation," 37% = $1.85 mil reduction in taxes.)Or did they close that loophole?

The disadvantage to you it no principal reduction the first 12 month.

It is simply a rate reduction. 

Will they ALSO be taxed again on their own personal level on that final distribution, or is the entity-level tax on the shoe (and subsequent reduction to their final payout) the only taxation they'll see?

From my experience AirDNA seems to be high on the occupancy so I'd do a reduction on the AirDNA numbers by 10%.

We have a mixture of residential and commercial investments in the Eastern panhandle of West Virginia, and are looking for a good CPA/tax specialist/possible bookkeeper moving forward to make sure that we are fully compliant while taking full advantage of all of the deductions, reductions, and write-offs available.