Anything much smaller than than and you're looking at a reduced rent and rental demand, and lower quality tenant applications, but not a major reduction in price.

That is a $100 reduction in your gross cash

If the other homes are still not reflecting reduction in value after all of these foreclosures, the assessor is hiding from the loss of revenue.

Okay, this is a fixed principal reduction reamortized each year, yes, old car dealer, but if agreed to is legal unless restricted by state law.

Looks like a 10% gross rent yield, maybe 6% net since you're on the higher end of the tenant spectrum and maintenance should be low for many years to come on new construction.If you finance it at 4% w/ 75% LTV, then your total ROI is roughly 12% w/ the principal reduction, w/ tax benefits ROI will jump a few more points, plus potential appreciation (what would comparable new homes have sold for in 2006?).

Hmmmm, it's usually better to have a significant principal reduction as can be afforded with interest, you want your money as soon as possible to reduce lending risks, Sometimes you need to accept more risk over a longer term as that too reduces risks.

If they really lowball (a few were asking like $300 off) I suggest that there are other neighborhoods where they can find a place at that price, and then I tell them those neighborhoods (in the "hood").If I am running out of prospects, I will offer a $25 or even a $50 reduction, but that would be for a very short term (like 6 months) only, after which an increase would be expected.

We are working with a lawyer for appeals, loan modification and/or principal reduction.

However, they are a reduction of the passive income you generated from the property.For ExampleAnnual Rent $5Annual Expenses including property taxes ($3)Net Income $2This is just a simple example, we have numerous expense that are both cash or noncash (depreciation or amortization) that can fall under my little category "Annual Expenses".Property taxes from your personal residence are eligible as an itemized deduction on schedule A of your tax return.Hope this provides some clarity.Phil

Your question is a bit hard to follow. ts not technically a price reduction.