The neighbor next door to this house is a buddy, and he told me the Gal (not guy) just got released, and was there yesterday with an insurance adjuster for the robbery that precipitated the visit from the cops a month ago.

I adjusted that $7500 number 3 times before I posted, just to make sure that who ever calls can make it worth her while.

Simple adjustment really.  

I will be taking care of the windows (double pane to reduce the noise), but I know that being next to the bridge will be a deal killer for many.Outside of minimizing physical concerns by adjusting price and the windows (the unit has all the bells and whistle a buyer would expect in a neighborhood such as this one), what can I do to minimize or allay the emotional concerns about the train noise?

Plus you are screwing around with $25 adjustments.  

Also be prepared for your seller to have incomplete information – either get comfortable with your own estimates or adjust the purchase price accordingly.3. 

You dont want to be overinsured but you dont want to be constantly adjusting based on buying and selling properties. 

The expenses are over 20 years and are adjusted for inflation in the rental properties calculator. 

This will help you to adjust your price as necessary. 

If you're goal is to adjust the rents to market through relocation, you'd want to negotiate "cash-for-keys" and not do it through the city (the document shows you how to do it through the city.