Removing a partner from the Deal

[Brian Langstrom]

I posted once before about ending a relationship and buying her out. 

So, we had a duplex in Naples end up with no tenants. Both flaked out and disappeared overnight. I contacted my ex and suggested we spend $50K each and upgrade the property. Of course she is broke and cannot get a loan. So, I offered to buy her out. No, she wants to re-rent as they are and ride it out longer. This is a good time I tell her to upgrade.

SO, she has me convinced to keep it cheap and rent it for another year. Thoughts?  I can remodel the whole building in two months. SO lost rent is about $5000 total. 

When I discussed her cashing out and moving on. She feels she should get fair market value for her half. Which when I take out the loan and recent expenses, leaves a modest amount I would pay. She seems to feel that all the appreciation should also be 1/2 hers. Well it could also drop tomorrow and I would be upside down.  More thoughts?   Remember this was purchased when we were a couple and this was a lifetime investment not a short term investment at her personal life wants it to be.