If the other homes are still not reflecting reduction in value after all of these foreclosures, the assessor is hiding from the loss of revenue.

There is even a Poison Pill provision, but if you want to know what that is, PAYan estate attorney to tell you.

What matters is the quality of the opinions you accept and allow to influence your decisions.I have people around me achieving success doing fix and flips / rehabs as well as buy-and-holds.Debt reduction is always recommendable.

(Sometimes they will give you a 0.25% rate reduction if you take a 25k or more initial draw from the HELOC.

Just anecdotally, I've noticed a lot of Austin SFRs with price reductions on Zillow & Redfin recently.

I would do the deal for a $3000 reduction in purchase price.Maybe everyone meets in the middle.

Good to consider creative solutions, but never good to overpay $35k+, Christian.If the seller can demonstrate financial hardship and is behind, a short sale may be an option.Also heard the FHFA has a new program of principle reduction for those that qualify.  

I couldn't get image uploader to work but here are the numbers provided...RENT ROLL (Feb 2015):3br - $360 Occupied (Reduced rent, on-site maint)1br - $425 Occupied1br - $425 Vacant1br - $425 Occupied1br - $425 Occupied1br - $425 Occupied3br - $740 Occupied2br - $575 Occupied2br - $560 Occupied2br - $520 OccupiedStudio - $290 OccupiedINCOME/EXPENSE STATEMENT:Annual Income (Per Rent Roll): $66,120 (My calculations give me $62,040)- 5% Vacancy: <-$3306> (This seems low to me)Plus Annual Laundry Income: $960___________________________________Gross Income: $63,477LESS: Property Insurance: $2890LESS: Repairs & Maint: $3808LESS: Property Tax: $2970LESS: Utilities: $14,963LESS: Manager Rent Reduction: $4560____________________________________Annual Net Income: $34,286 (Adjusted for their math error $30,206)There it is by the numbers, and Anthony, it's at Tucson Blvd and 22nd, so not the BEST area, but certainly not the south side.

Hmmmm, it's usually better to have a significant principal reduction as can be afforded with interest, you want your money as soon as possible to reduce lending risks, Sometimes you need to accept more risk over a longer term as that too reduces risks.

Plus... it was a show of good faith on their part to even ask for a rent reduction, and try to stick with their lease rather than just skipping town, and leaving me high & dry.So currently, the house is rented for $700 per month.