Its been sitting on the market as a rental for about 2 months, with price decreases every 2 weeks or so, however no one is biting at it.

Mark   Most experienced Class A MultiFamily GP now is at very minimum having 50% cash and 50% financing.The rate is not an issue if you decrease the loan, but then if GP wants 50% cash infusion from the investor, they have to reduce their yield for themselves :-)

The loan balance did not decrease. 

. - Are rents increasing or decreasing?

The less turn over, the more you can make, so working on decreasing unit turn over, can greatly help your NOI.  

Hello All,Other than taking advantage of the first time home buyers program, are there other strategies for decreasing closing costs that can be repeated for future deals?

Thinking though that decreasing monthly housing expense is the biggest benefit (where I live in Socal, im paying $1900/ mo in rent), so figure if I could get my payment down to $1,000 or less, that is the same as finding an investment that cashflows $900/mo.

@John VanharaBig picture...I would look at ways to decrease scope and/or value engineer (use cheaper yet acceptable materials).  

I ended up having to hand the property over to my money partners and project manage for free and filed bankruptcy in 2/20/2020... my credit score wont be over 670 for another 6 years. even though I've paid all my debts off minus existing mortgages, bought numerous cars and have incredibly healthy payment history. once my score hits 690-700 the credit beurres tank my score 30-100 points for random reasons like decrease in balances or automatic increase in card limits... lol the funniest one was when I paid my car off after 3 years and was my youngest account. my age of credit went up, but my score tanked 80 points... at 670 now so it'll probably go down next month for no reason...

Don’t over complicate the concept and focus on the goal of decreasing your expenses below what you would normally pay in rent.