I am wondering in this kind of situation, do landlord normally give a rent reduction, and if so, how much do people generally give?

I have lived in my home for 10 years, now i am planning to move to bigger home and rent the present one.I understand that if I sell the home within the next 3 years, there will no be no capital gains tax, I made a profit of 200k.if i rent my home for 3k/month, I get 36k per year, my deductions will be :depreciation of 10k, mortgage interest of 10k and property tax of 10kso I am getting a net profit of 6k/year and other reductions in my gross income. how is this a good deal?

I'm leaning towards the "reduction in income" selection as it's true and it doesn't require hardship documentation....As you can see- I need all the help I can get here...

Well, it's been listed with steady price reductions now for over a year, and not much activity.

Unfortunately I will probably take a reduction in income for awhile until I can grow it enough to replace my current income but I would like to invest in RE sooner rather than later.

I’ll buy if someone is willing to reduce (I still don’t know how much of a reduction is necessary), but if not I’m happy to wait and let them hold a non-performing property for that much longer. 

Lots of extra items compared to SFRs for lawn, common electric, water/trash, higher turnover, offset by economies of scale to some extent, so 50-60% for expenses is reasonable.The 12% net yield (cap rate) on 50x rents (135K puchase price) and 50% expenses, combined with 25% down and 6.5% 15-yr commercial financing gives you:Pre-tax ROI = 29%After-Tax ROI = 24% (30% marginal bracket)Yr 1 Cash Flow ROI =12% (net of principal reduction)... so you put in $34K and have CF of $4,050 in yr 1.

You have done minor reductions so far so still might be behind the pricing curve.

I was in the process of entering an amendment for a reduction of rent with my landlords when landlord b suddenly passed away.

A property goes on the market for a certain price; offers can be accepted or countered within a pre-set limit; and price reductions will occur at pre-set limits and times.