Party Wall Liability - Dammmit It's Always Something

[Jarrod Weaver]

http://farrensheehanlaw.com/real-estate/party-walls-in-texas/

While performing due diligence on the storage facility I have under contract, I discover that there is a "party wall" on the property which adjoins the property next door. It is the sand colored wall which is both, the interior wall for the back of the storage buildings and the exterior wall for the red brick building next door.

The problem is the wall is roughly 100 years old and in suspect condition. I was able to enter several of the storage units and found that the mortar has turned to sand. You can literally pull the bricks out of the wall by hand creating an opening directly into the other building.

Do any of you have experience with party walls? If the wall has to be removed and replaced it will cost more than the property is worth. Even if the cost is split among both parties. Plus, there is no way the other owner would participate. I really want to close this deal but am concerned that the wall is a deal-breaker.