In this case, you would more than likely be looking at a significant reduction in home size and location.  

It's like with weight loss strategies or dating strategies: what works for you can be a total disaster for me.Case in point:  @Jim Pfeifer's "lazy 1031" strategy.

Have you factored in principal reduction?

The percentages refer to the percentage of listed houses which had list price reductions in April.

A few of recent buys have been properties that we saw have been on the market for 75+ days and had a few price reductions. 

Or my new favorite a news article that shows a graphic titled "price reductions" showing a US map and most major cities show in red numbers -21% or -29% making it look like prices are dropping and "it has begun.." comments, when in reality these are the % of listings that had a price reduction before they sold.If you are a new investor and you are in the market crash camp, why do you think none of the seasoned investors are selling?

The property I'm looking at has been sitting on the market for 35 days, and just had a price reduction last week.

EXACTLY  and land use attorneys are very specialized but worth their weight in gold if your in a very difficult complicated land use/highly regulated  City/County. 

I am placing a lot of emotional weight on the idea of owning two adjacent properties: one for my family, one as a rental.

The interest rates sky rocketed up and now we're seeing a lot price reductions.