Without a boiler I'd push for at least a $12-$18k reduction in price before I'd close.

However, lenders are adding additional overlays to protect themselves against equity reductions and ensure borrowers (and contractors) have sufficient cash flow to complete projects.

-Curbio's first project in Dallas County is still on the market after 140+ days with a ~2% list price reduction every 30 days.

Of course I'm not accounting for principal reduction but I also wouldn't have to deal with tenants and management and repairs etc etc.

We tend to make a fair as-is offer price, and then request sellers assist, instead of price reduction.

It is my job to maintain a constant income stream and (when possible) increase it each year.Annual rent increases and reductions in debt service are just two ways to increase the cash flow stream for my portfolio.

-Real estate earnings spending plan until the chains of bondage are gone: From Cash Flow: 25% into savings for taxes (will adjust after my 08 tax return), 25% for PITI and personal living expenses, 25% to grow my business, 20% to pay down bad debt (with emphases on the worst cash flow per debt finance instead of highest interest rate), 5% for my wife to spend, From Flipping: 40% set a side for taxes, 20% for business growth, 35% for bad debt reduction, 5% for the wife (got to keep her from charging).

Even  if market prices  go down as long as you do not suffer a serious reduction in cash flow you should be OK. 

My advice to you would be to start using one or two of them, get to know them, and then start working on point and interest rate reductions.

Once she could see the reduction in tax liability and the cash flow she could start to see the benefit of me being a full-time real estate agent and have more time at home with her and the kids.