"What I really love about this property is the extra half car garage" (knowing the other 2 don't have that).If the price is off make the adjustment now, market it too (20K Price reduction!).

I made that mistake with my home, I tried to do more than what I was capable of, tough pill to swallow with some projects.

For investment property I've seen it as low as 20%, but I've heard theres quite a reduction in rates/fees/discount points at 25% down.

I think quite the contrary, if someone offered a high price but did not close or try to look for reductions through inspection, that hurts way more reputation than someone sent in a low offer.

Does have have a best practice for the reduction of the security deposit to the tenant?

It can equal a lot of things, but simply diversifying across multiple markets does not equal risk reduction.  

But because it was a 2 bedroom 1.5 bath we never moved into the condo because a single family house that was a foreclosure became available and after several price reductions it fell into our price range and we jumped on it. 

Throw some toilet tank bags into the toilet reservoirs for a quick reduction.3.

This is necessary because there is no point on using some tools for risk reduction if you can only rent to a certain number or type of tenant.2) LOW vacancy rates (less than 4% normally).

Thanks for the shoutout about The Red Pill Investor Podcast!