A great way to reduce your living expenses.

Obviously it reduces the property value substantially.I certainly didn’t get any discount for it being condemned.Is there any route to go back to the title company or the listing agent and seek compensation?

We went ahead and reduced the price to $459,999 which drove traffic in and in not time accepted an offer at $471,000.

If the seller has already listed some of the issues on their disclosure then they may be less inclined to reduce the price for that issue.

@Mike McCarthy and @Chris Mason Thank you so much both for your responses.Fast forward to the future, should I fix this discrepancy after closing the deal to reduce my Taxes or it is going to impact me negatively when I decide to renew rentals or sell this property?

It takes the loss and brings it to 0, before first reducing the income on the other property. 

The conditions and concerns are different now...GDP is expected to be in recession territory for Q1 and Q2 2020 due to supply chain disruption, decline in exports, travel restrictions, and reduced consumer spending all from the virus.

High Velocity systems which are more expensive in material but reduce your install costs because they use a much smaller supply and return. 

The Wells Fargo is an FHA, all the others are conventional loans. the 2 reasons we we're looking to move them into LLC are of course asset protection, and the possibility of reducing our tax liability, I've seen several postings and videos from @Clint Coons, and was very interested in some of his techniques.

She indicated the Toledo Blade article below as a good summary of why but it sounds like her office served the public in adjusting property values which resulted in aggressive reductions as a result of the crash in real estate values. https://www.toledoblade.com/opinion/columnists/2019/06/07/intervention-might-clarify-lucas-county-property-tax-valuation/stories/20190606104It is only logical that requests to reduce property values will be declining in number and percentage of value, Toledo's values have done exceedingly well over the past few years.