If they are just asking for a rent reduction due to the repairs not being done and them not using that money to get the repairs done them self it's an big red flag.

I would also keep vacancy in mind as an expense, not a reduction of income like so many people do.

Against our agent’s recommendation, we saw those as big ticket opportunities for price reduction.

There also has been a dramatic reduction in the number of bidding wars (https://themortgagereports.com/47875/home-bidding-wars-down).  

If you're planning on purchasing investment properties in 2024 with financing, my advice is not to wait for potential future interest rate reductions.

I think I will offer her a 3-year lease with a slight rent reduction.

Oh, and to your question on why principle reduction is not considered in my analysis... you can't eat equity.

It sat on the market for 43 days and had to do two price reductions and closed at $1,085,000. https://www.redfin.com/CA/Los-Angeles/23711-Ladril...I'm going to be all in around $950k ($250,000 out of pocket) when you factor in closing costs when I bought it.

The upper unit has pretty much been gutted (there is still some flooring left but studs otherwise), and I was wondering if it is worth doing any sort of noise reduction with the upper unit to possibly avoid future issues between tenants. 

The only real difficulty in my experience is the first time you build them because of instructions take longer amount of time, however the second time you will notice a huge reduction in time used to build them.I also screw all the cabinets together and the plywood down to increase strength.I also find them stronger and reasonably priced to the Chinese manufactured cabinets that i used in flips.