I have used this old line in the past; do you think the mortgage company will give me a reduction in my payment?

Multiple reductions is a red-flag to buyers as is long DOM compared to comps.

RE expense is not really given much weight.  

Hello Folks,First of all I want to thank the community & BP to bring together so many great resources for light-weight investors like myself.

Last night I attended Riverside City Council and our Economic Development team was asking for approval of two affordable housing projects because the developer was asking for a reduction in land cost and the first-time assistance program of $50,000 which the council approved.

Seller claims that the reduction won't clear his costs with the bank and realtor.

The details of the credit report are more important to me and solid Landlord references carry even more weight.

He protests his taxes every year and says he almost always comes out with a reduction.

You're talking about lowering the price $100 but that really doesn't tell us if that's a 10% reduction or a 20% reduction and how it compares to the signed lease that you have on the 2 bedroom unit.  

After that, everything should be clearly laid out for you in advance and you are given a chance to weight different options.Do you intend to invest locally or out of state for now?