I'm considering whether it's wise to sell some of my assets or navigate a substantial reduction in cash flow.

However,  the stability and risk reduction as a newbie wasn't all bad. 

Price:                                                            $410,000 Average Rent per Unit:                              $459 Gross Operating Income (5% vacancy): $57,513 Estimated expenses:                                 $28,429 Net Operating Income:                             $29,084 Current CAP:                                               7.1%Loan Payments (5.41% interest, 25-yr am, 75% LTV): ($22,462)Pre-Tax Cash Flow:                                     $6,503         (= 6.3% cash-on-cash)Post-tax Return incl. principal reduction: $10,941    (=10.7%)ExpensesProperty taxes              $8,251 Insurance                       $2,500 Gas and electric            $3,240 Rubbish/water/sewer  $4,068 Management (8%)        $4,843 Maint.

Just because there are not bidding wars and more price reductions does not mean the market is going down towards being buyer friendly. 

If political power shifts in 2020, reduction in military spending is guaranteed - doesn't mean base closure but there is risk.

If I buy at a discount and add value hopefully I can be in an ok position if there is a major reduction in value.

Our 72 unit OSU building is holding for the moment, but rent reductions are some requests and we are trying to help.  

., a reduction in property taxes.Should private citizens who own apartment buildings, be held responsible for paying for housing subsidies?

Your agent should be advising you to have professionals provide quotes for all the needed work in order to draft an inspection objection asking for a major price reduction based on the estimates you get.

Reduction in savings, profit margins, discretionary spending, or nonessential assets shall not constitute material economic hardship.