Doesn't make an sense.I tell them politely that no there isn't going to be a reduction in rent, but they could probably find ways to save on their energy bill.

For the purposes of computing the SS reduction, only wages earned by working outside the home or on a part-time basis from home count as income.

I'm watching his listing on zillow, I told him what price I would start to be interested at (50k under his asking) and he is halfway there on his price reductions.  

It's a tough pill to swallow and something that can be chalked up to the cost of education.  

I have found some houses with way more rehab than I anticipated and asked for a price reduction (got some, didn't get some).    

I happen to disagree with many here as if you rented the unit with a privacy fence, for whatever reason, be it for your dog, safe place for your kids to play, or just so you don't have to look at someone else's backyard when you're outside enjoying your day, I'd find whatever tenant hotline the local government usually has set up and ask them what your rights are as the landlord has just changed the amenities offered without any notice or rent reduction. 

@Rachel Degennaro It's a hard pill to swallow.

You could email your good tenants and offer them a small one month rent reduction if they refer someone to you who rents the house.

I am currently putting around $700 a month towards loan 1 as an extra principal reduction payment but I was wondering if perhaps I should rotate which loan gets the extra payment each month or just stick with the normal practice of focusing on one debt at a time.

The conclusion has been that HUD funding has been very secure and the odds of a reduction are very small.