I stand by the statement that PM is a cost center and it is focused on reducing expenses and operating efficiently.

I would think any smart investor is going to want to get the bank to reduce the loan amount anyways.

They had great payment history for 14 years until this medical emergency put them behind and they have a Realtor friend who has already worked out the short sale with the bank -- they just won't let him buy the property because he is such close friends with the owners.

Hopefully you are organized and have reduced the materials down.

Maybe stuff happened that was out of their control (medical being a simple example).

I wanted them great deals where I rewarded them for the value and not for reducing their commission as they helped to reduce the price.John Corey

Someone with a serious cash flow issue, a divorce, medical issues or just someone who thinks they do not have to pay their bills.

He also took the "for sale sign" out of the prop since it was vacant to help reduce offers.

The SELLER's agent MAY (and usually does) "cooperate" and reduce their fee accordingly, but it is NOT automatic.

I would never own a property and rent for $32.00 a month profit.Unless I read your post incorrectly, I wouldn't touch this deal or touch it, but at a much reduced price.