Same in terms of negative affects.Time is the most effect metric in reducing the affects of negative trade lines.

Should I set a high asking price and reduce it gradually until I get an offer (or offers), or should I price it right around where I think it should sell for and stand firm?

If I have purchased the property in the last year , I attempt to get the value reduced as close to what I paid for it and reach an agreement with the appraiser by phone.

In my experience, I found out that they had a criminal background, previous evictions, sex offender records, and generally they try to do a power play to establish control over the landlord/rent collector.

I would rather slightly reduce rent and land a great tenant these days.Be sure when you evict to include " and all others " or something similar so it covers everyone known and unknown at time of eviction.

Prices are significantly reduced for coops to reflect this, i.e., the price premium a condo possesses vs. coop is the price of freedom essentially. 80% of apartments in Manhattan are coop.

During the boom a few years back there were a lot of discount brokers offering reduced fees and sometimes sliding scale...

In the end I will end up reducing my principal and interest.

When you buy no matter how much you planned or learned there will be mistakes.The difference (hopefully) is that the mistakes are very small because you have planned as much as possible to reduce risk.

Assuming that the W/D was in the unit when tenant signed the lease, I would:1) Apologize for the inconvenience and show them the HOA guidelines.2) Voluntarily reduce rent by an amount that you determine seems reasonable based upon what the coin-op machines are charging (some are several dollars per load, so could be in the range of $25-$100/month rent depending on the condo size and what the coin op charges.