Between these three properties, they are going to generate roughly $1200/mo in positive cash flow that I would build up for the downpayment on the next property and snowball it until Im 35 at which point I would swich to principal reduction so I can have them paid off by the time Im 50.

I am going to drill down the growth of M1 to get a better view.The reduction in M2 and M3 are a bit of an offset to the inflation of M1

A couple of things...The bank is all about risk management/reduction and you are bringing them one of the riskest category of deal that you could in this market.

They might be able to offset some of those costs with a reduction in their commission.I think your best approach would not to blame and feel like you expect a full refund, but to present it as a problem(this money I am putting in to the deal that isn't getting me anything in return) and ask if your agent can address it by talking to his broker.You should also offer to tack whatever amount they offer onto the standard commission if they are able to get you the house.

We got a reduction in the cost of the house from our accepted bid once the bank realized the Lot was not owned by them.

Dan lists property for [a lot, like, enough to raise the eyebrows]; listing is now 67 days on market with one $10k price reduction on day 30.

@Douglass Belt my personal feelings is when the snow season starts new inventory, price reductions, and money would be made. 

The amount you pay in cash generally would merit a disproportionate reduction in what you're paying for the equity.  

I am trying to decide if I should keep renting a home or if I should sell it and invest the equity.Below are basic facts and then concerns I have.3 Bed 2 bath rancher with one car garageFenced in backyardBuild in 1997Located near military installation (minor reduction affecting the local installation ~5%)Cash flows ~$120 monthly after PM feesEst value at $103,900Mortgage at ~$75,000HVAC replaced four years agoRoof original to home I am an absentee landlordVacancy rate, < 5% over past 7 yearsConcerns: Maintenance, roofing, paint, rugs, appliances, etc are eating my budget.Recent $1800 whole interior painting, exterior roof leaks, and wood rot pending.I know the roof will need to be replaced with 5-7 years.

The market has slowed just a touch, and ridiculously priced homes are sitting and even having price reductions.