That adds a substantial amount of debt to the propertyFor instance a $400,000 30 year term at 6.5% means a payment of $2,528 and total payback of $910,178 - do a loan mod and change it to 40 years it's $2,342 a month for a monthly decrease of $186 and total payback of $1,124,077 So it adds an additional $213,899 to the borrower's debt load How does that make sense? 

So, are some markets in the US seeing prices flatten and decrease by 1-2%, yes absolutely.

Keep in mind those providers are generally using Hard Money loans so there motivation is to fill it as quick as possible to decrease  their holding costs and human nature being human nature maybe not the best tenant gets placed because of this. 

Follow his advice to the letter, and do it this week to go along with your price decrease. 

In turn, this decreases the chances the home will sit on the market for a lengthier timeline, also reducing the odds you’ll need to lower the listing price.”The longer a house sits, the harder it can be to sell.You Still Have a Great Opportunity – If You Price Your House Right To avoid making this mistake, it’s important to lean on an agent who knows what’s happening locally when you set your asking price.

Getting referrals from your prior tenants can always help & decrease the amount of time in between vacancies.Usually situations can get sour when things go neglected, handled wrong, bad communication through a particular situation, etc.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

YoY is flat.Rentals - Availability by MonthThe number of homes for rent continued to decrease MoM, in line with our expectations.Rentals - Median Time to RentThe median time to rent continued to decrease rapidly in April, now just above 20 days.

.- So, the down payment would go up by $5K to $12.5K, which is 83% of the purchase price (=17% down), and the total loan would be decreased by $5K to the cap of $237.5K.

When prices start decreasing and the asking prices for homes start going down.