(I guess it is possible you simply took the first person who inquired, but hopefully there was a little more diligence than that on your part)To get max value, you want to highlight the concepts which point to a decrease of credit risk and reduction of default risk.

Would a payment reduction be considered a good thing or a penalty?

Buy multiple lots to receive a reduction on all.3.

Meaning they pay the deposit, but upon move out $40 would be taken out right off the top prior to any damage reductions.

Sometimes they get tenants to agree to higher rents for move in exchange for waiver of first months rent to half off or waiver of reduction of security deposit.If they bought for 775,000 in 2015 it is doubtful they replaced everything but did minor repairs and upgrades.You also want to look at how long have the tenants been there and paying on time?

Do you also think that prices will soften enough to eliminate the time value of the mortgage debt reduction against the property?

It's typical to appeal these increases and fight for a reduction back to what it was before or smaller than the increase the local government wants.Sometimes for property taxes if you are talking single family a seller might be claiming a homestead exemption or a special senior tax exemption which makes the tax bill much lower that what yours would be as an investor.

In bad times, property prices are soft, but people still need a place to rent and properties tend to cash flow better.So, in the long run, rental properties are always a good investment unless you have a serious reduction in local population or jobs due to businesses closing...

The important part of the outline we had for the deal was:1-We would Split all equity 50/50 after the following:2-Her 20k returned with agreed return if not already paid by the other deal.3-My 20k reduction in PP on property paid back upon sale.Despite in my opinion, the Air BNB being a business, and that should remain separate, and all terms the same rather we are together or not, she just wants the property out of her name, and for me to have full responsibility, ownership, and to have as little as possible, or nothing to do with the property.There are conventional ways to do things that are perfect, and there are non conventional ways to do things that if done properly have a very high rate of success.The loan is an FHA loan that I do not qualify for on my own at the moment, but may qualify for in 6-12 months.So far, title has offered me the option of a quitclaim deed into my name and I will take responsibility of the mortgage and the entire ownership of the property.

They will see a 3-4% reduction in their tax rate.