If the Cap rate in Birmingham is 9% then you may see about a price reduction.

That was resulting in a tax reduction/ rebate of about $1500.  

So therefore, isn't this technically a catch 22 situation where you would like to claim more deductions but technically shouldn't if you would like to buy a property in the future because the bank will lend you less money because of the reduction in your taxable income?

If someone is getting a conventional loan, the appraisal is kept private unless the buyer is using it as leverage for a price reduction.

As pill be BRRRR I will need a larger market to continually purchase in.

It has no bearing on inspections or asking for reductions based on non obvious issues.

What kind of information would you need to bring to justify a reduction in property value?

(You don't want to absorb the fixed costs if the reduction will yield a low amount, as it might be better to wait for another year.)  

The 70% LTV that Mike Verna is talking about is only on investment properties.Was that 70% reduction recent too? 

Even when subsequent neighbors had their speakers on the carpeted floor, the noise coming through the ceiling was much less (and tolerable).I keep a supply of noise-reduction ear plugs on hand.