After being on the market for a long time and after numerous price reductions, I made my offer and negotiated a purchase price of $223.5K that was confirmed by the court.How did you find this deal and how did you negotiate it?

You mentioned weight, followed by a mention of their being foundation issues.    

That sounds like alot of weight.

The joist is properly supported on either end to the ground and I wanted to know if adding a swing which would weigh about 100lbs and with people maybe 3 to 4 hundred more would that joist be able to support that weight.

They are your eyes and if they do a good job, maybe a  extra $20 every week  or rent reduction would be in line. 

So I pulled all sales of 4bed / 2 bath homes in that zip code for the last 2 years and found that the PPSF reduction from a one story home to a two story home around 20%. 

You may be able to get a 75% ATI reduction but that will depend on the current assessment.

Of course some rich people want things their way and like to throw their weight around, but strike up a conversation and see where it goes.

But I am seeing some early signs of a cooling market here: inventory is creeping up (though still under a month), more price reductions, more days on market.

I don't think you will see any price reduction in home value until 2023, and that is only if rates get up to 6 and 7%.