In addition to that price reduction, I was also able to negotiate the seller to carry back $2M on a first trust deed at 6% interest!

Wait for a few price reductions.

Was laid off yesterday through a reduction-in-workforce at an Oil & Gas company.Did some math, and after cutting house cleaning and childcare expenses, I need to bring in $30,000 in after-tax rental income (depreciation EXCLUDED) to match my W2 job's take home pay.Thanks to what I learnt at Bigger Pockets, I will liquidate my low performing SFR in Wisconsin (0.4%) and invest in higher yielding (1+%) rentals in my area and easily make up the $30K.

Ok, so let's address some possibilities one by one to see what is likely.If you found out that there are material defects in the property (which you have) then it is entirely appropriate to ask for some form of "fix" if strategically it makes sense to do so.It is possible that the agent is reluctant to include your request for a price reduction commensurate with the level of damage to the property for a variety of reasons.  

What a waste of time.Here is the language from the summary of the bill:Seller Finance Regulation Reduction Act - Amends the S.A.F.E.

With rates as low as they are these days, and the fed indicating it's inevitable that the rates will go up progressively, it makes sense to do a 7 or 10 year fixed rate term.Most real estate cycles follow a 7 to 10 year cycle anyway, so  refinancing at those intervals tend to work out either with an equivalent increase in equity if the rates go up, or a reduction if rates if they've gone up throughout the cycle.

They typically consider price adjustments in 30 day cycles so if you don't get your price, track the last price reduction and stand-by for a lower asking price.  

Invest as part of a tax reduction strategy?

FHA Financing;Single Family Residence or The rental units are an owner-occupied two (2), three (3) or four (4) unit property Maximum Basic Standard FinancingSingle - $271,050Duplex - $347,000Triplex - $419,425Fourplex - $521,250FHA Basic High Cost area limits are:Single - $625,500Duplex - $800,775Triplex - $967,950Fourplex - $1,202,925Financing for Hawaii, Alaska, Guam, Virgin Islands -Single - $938,250 Duplex - $1,201,150Triplex - $1,451,925Fourplex - $1,804,375Here is the site to search by county for the maximum financing. https://entp.hud.gov/idapp/html/hicostlook.cfmMaximum Financed Properties The maximum of four financed properties includes the subject property.Inducements to Purchase Certain expenses, paid by the seller and/or another interested third party, on behalf of the borrower, are considered “inducements to purchase” and result in a dollar for dollar reduction to the lesser of the sales price or appraised value of the property before applying the appropriate LTV factor.

A price reduction is probably the only thing that will stirs up activity.