In Texas, the landlord is required to provide the deposit refund and/or a statement of any reductions within 30 days of you vacating the property AND providing a forwarding address.

I understand there isn't a magic pill you can take to build six pack abs. 

I just closed on a place today (4/3/1), and we've shown it to a few prospective tenants, who are interested, but think the kitchen is dumpy and want either a rent reduction or a facelift for our asking price ($1500).

You should also check with your insurance company and get a reduction in your premium.You are a big winner if they install at their own cost.

If you can keep in mind that this reputation deserves a discount in the price since it involves you taking a greater risk and you do it with ultimate in confidence, you just might get a reduction.

Risk reduction is the primary goal in the prevailing business practices in our industry.

See also http://www.rhaonline.com/SEQUESTRTION-REDUCINGHAPC... for one example of HAP contract rent reduction.

Although the home is currently turn key I'm waiting to see if anyone from this forum can suggest a plan for a possible reduction in loss.

But, I think on average, 10 hours a week would be fair.So, I vote for a rent reduction of $800. 

Netting out closing costs and the second note holder comes close to breaking even.If you think you can get this house for $100,000 (ish), that would require a LOT of debt reduction by both the first and second note holders .... probably something that they won't do.