I am keeping a close eye on it i am extending my due diligence... recently i just requested a price reduction which they are considering.

Second- discount and payment reduction.

Come on now people, lets get back to basics.I feel like I am taking crazy pills sometimes when I read the blogs.

Winter will be hard.I'm thinking seriously about mortgage debt reduction just to have a safety factor in play.

You have a relatively soft real estate market across many parts of the country, subprime lending sucking wind, a recent 1/2 point Fed rate reduction, a weak Dollar and lots of prediction/discussion for either a recession in the short term, or inflation & higher interest rates in the long.What markets are going to be a good deal for you - will really depend how quick of a turn around are you looking on it.

Any reduction values they take on your property to me seem to be based on the particular appraiser; how they feel that day; the weather...I'm sure it is experience-based on seeing many many similar properties, but it seems rather subjective at times.

As long as your inspection is not over, you can ask for any price reduction you want, and if they refuse, you cancel your contract and get your deposit back. 

Did your tenant agree in writing to the rent reduction?

When I do seller financing it won't be like the bank with principal reductions weighted to the total loan but to an amortized reduction to each property as if they were single loans made, it's easier to devise and communicate to a seller, it also allows getting rid of any dog in the deal.Lastly, if there are properties to spin off, I always tell the seller.

The underlying principal reduction must remain constant.You can be in violation of federal law if you're off more than one tenth of one percent.