I'm currently seeing a surplus of capital and reduction of rates with new competition.  

Russell,I previously worked in the Cook County Assessor's office for 20 years and now work for a tax firm that specializes in reduction of real estate taxes.

I would assume so.Any info on how you managed to get that large a reduction in price?

I still deal with motivated sellers, but instead of looking for low prices, I look for low down and low monthly payments.A typical deal for me would be a lease option that looks like:Price: $500kRent: $1.8kRent Credit: $1kDown: $0Term: 3 yearsGenerally the seller gets the same price they would have netted with an agent, plus mortgage reduction, plus cash flow, and I pay for minor maintenance, management and closing costs.If it's listed with an agent, I'll pay the commission for them too.

In most jurisdictions property taxes are lower on personal property than real property so there's a reduction in property taxes as long as you set that up properly.

We were able to get significant price reduction using inspection report.

Her reduction in pay would just be covered by savings on commuting.

The market is in Houston TX and it's for a 6-plex with good rental income upside, for now...For those who are experienced and weathered various recessions over time and closed deals right before a major one, what is the general reduction we would see in rental income if we have a high probability of a recession?

@Shawn WilsonI've heard of some sellers that apply a portion of the rent payment to principal reduction.

My first thought is this: A .625% reduction on your existing mortgage?