Phase out of personal exemptions and itemized deductions (PEP and PEASE) §§68 and 151(d)—the phaseouts (reductions) of personal exemptions and itemized deductions are permanently repealed for taxpayers with AGI over $250,000 ($275,000 HOH, $300,000 MFJ, $150,000 MFS).

I began to concentrate on debt reduction rather than more acquisitions.

Yes, they are adjusting the application of payments to interest, a non-accrual with a front end reduction of principal.

The better rapport you have, the better the chance that you can propose the repairs and get them completed or a price reduction.

It's been sitting for 3-6 months with no recent price reductions.

We sized up the situation - unit could not be re-rented w/o a substantial renovation - and agreed to the 24-months of frozen rent in exchange for a further reduction in the sale price by the amount of 24-months rent at market rate.  

I will tell you what will happen a basis reduction doesn't just happen and to do so would be a major disservice to your client.

Since most CR programs take 6-12 months, you can then stipulate that if the tenant-buyer successfully completes the program, that $100 will go towards a reduction in sales price.Rent-to-buy and lease-option deals got a little more complicated since 2010 (Dodd-Frank), so have a RE attorney draft up your P&S Agreements.

Surely there's something rural or industrial or commercial in your backyard to get creative with.Sometimes debt reduction is the best use. 

IRRRLs are (interest rate reduction loan) streamlined because theres no loss of equity (ie a cashout).