First off this property is located in a trendy, millenial, good school district, clean neighborhood, low crime, close to public transit, good walking paths and to a popular tourist attraction. 

You'll find more challenges on that than you will on the "Produce the Note" offense that borrowers have tried over the years with limited success.I'm taking an excerpt from a law school publication on the subject:https://www.brooklaw.edu/newsandevents/news/2013/~...

Read up on both wholesaling and geographic farming techniques and work a "farm" area by looking at public filings like divorce, probate and notice of default.

Check their public forum and you may be able to find some great tidbits of info.

Maybe a reduced rent will be incentive enough.

We require 25%, but will allow you to bring 15% of that from another investor in 2nd position, which reduces your own cash down to 10%.  

This approach weeds out the tenants you don't want and reduces the number of bogus showings (e.g. people just tire kicking).  

Try this public notice aggregation site for courthouse sales2.  

what are some legal ways to reduce my rental imcome?

If you are a conservative person and want to reduce risk, normally that comes with spending a little more.