Lately I've been trying to do some reading on how to put myself in the best position to minimize taxes from rental income. 

His goals are to save realtor fees, minimize taxes by spreading things out, and to earn a good return over a longish period of time.

It's a matter of understanding the law, building experience, and developing solid policies and procedures to minimize your risk and increase income.

The agent spoke to someone at the property who was hired to do maintenance on the property and had indicated such.  

How can you get out of the accepted offer while minimizing repercussions?

After the meeting he followed up with me and indicated the following “The same person that owns the property given up must receive the replacement property.

Prices falling while all variability remaining the same (no recession) would indicate a short term correction which historically results in a roughly 10-25% drop in prices. 

.*  Wife cannot refinance and pull out my half of equity because she is self-employed and W-2's minimal income.Obviously, the cleanest and safest route (for my half of the equity) is to force sell of the home.

Meanwhile, your down payment is 3.7% of the total purchase price, indicating you'll be looking for an FHA loan. 

After two or time l would send them a letter indicating a pattern of maintanace calls for plugged drains and that they would be billed if it's the same problem over and over.