The 30% new home reduction is on all residential homes and not based on multifamily units as mentioned below.Thank you for your response.

If the landlord fails to make repairs within a reasonable amount of time (not more than 30 days), you may have the right to get a court order for repairs to be made, obtain a court-ordered reduction in rent, or terminate the lease.

You have to take into account appreciation, principal reduction, and income tax on that cash flow (better to be taxed now or in the future at a potentially lower rate?).  

I generally do not have an issue keeping the house rented so I am not sure if the extra reduction in cash flow is worth it.

It's a tough pill to swallow, but if you have a central system you should to go with a commercial system, they last a long time. 

Tax abatement is reduction in taxes for doing something (creating jobs, rehabbing distressed property ect, these usually can be revoked if you don't hold up your end, a tax credit would be like homeowner credit or something similar.

It seems like it's worth a small price reduction to just be done with this mess, doesn't it? 

The result is simple structure, total control and significant reduction in the cost of maintaining the Qualified Plan.

I don't believe that boston has seen a Y-O-Y reduction in rental income, but I'm preparing myself for a drop in rental prices, whether it is through actual price drops, or if rental price goes stagnant while wages, taxes, and costs of living expenses catch up.

Anyway, nothing ever got built, I never got my unit, and the only thing that did happen was that the developer and my money went bye bye.Does anyone know of a way to write off that loss so I can recoup some of it through income tax reductions?