I am 5 years into a 30 year 3.75% conventional mortgage on our home in Florida so if I sell the rental property, I will probably apply that equity into my Florida home thus reducing the loan period 12-13 years, I will be age 74/75 and mortgage free.

It also reduces blight and REO’s / lower home prices by dealing with vacant homes.

Is this implying that these markets are now greater in supply than demand and are thus reducing in value?

Or would you consider doing something other than reducing the rent?

So far they have not reduced them. 

As a rough estimate, you can use 5-10% for a single-family home and 10-15% for a multi-family property or a home located in a rougher neighborhood.Operating Expenses: As a landlord, you will be responsible for paying a variety of expenses for each of your properties, which will reduce your take-home profits.

Caps are a wise way for clients to reduce risk in their investments.

If the work is not completed and inspected by you at that point you tell him you will close the purchase at a reduced price (cost +) and have the work done yourself.

If you can raise rents, manage it well, and reduce  any costs, in the future, then you are adding value AFTER you buy it.

However, that's not to say that some investors would choose to not share their experiences and ways to invest in order to reduce competition.