I could then use the difference between my old primary payment an the new one for principal reduction, other tax deferred investments (IRA), capital expense account, have a little fun, etc.Any insight or suggestions are appreciate.  

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.

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.

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.  

Any principal reduction over the term is credited (depending on state law where you are the lack of earning interest can be offset with a disbursement fee).

If something happens, send some proof & some estimates and ask for a reduction.

I didn't know the buyer was a result of a wholesalers effort, and the buyer won a small reduction from me because no one else was involved in the deal I thought.