And if someone's not responsible for something else, then that Ball can be dropped which can lead to further consequences.

Assuming FHA or VA loan at lower rate , although I need to cover current equity in home?

If you're hoping to wait until interest rates come down, not only do we have no clue if or when that will happen, but when it does you may see prices go up as buyers are able to get larger loans.

I have been seeing prices dropping and I'm wondering if this is just a momentary reprieve or are we going to see them continue to slide down for awhile longer. 

So I will get money that is being considered goods and services rate not the cash advance rate.

With the WSJ Prime Rate in the 8%s, you're probably in the 9%s on your line right now (just an assumption).

I'm thinking of keeping the 2bedrooms at the current rate. 

It was known before closing due to the tenant mentioning it, the same time she mentioned the window was broken into the seller dropped the price to compensate.

.- Perhaps you think rates are going to move lower.

I am looking at my first rental property investment, with the current rates and San Diego pricing cashflow is very hard, so I wonder if I should remove tax property and insurance from my cashflow calculations as they are 100% deductible at some point.