Short sale in lieu of lawsuit

[Brian Schriedel]

A fellow landlord failed to keep property insurance on his LLC and one of his units sprung a leak and destroyed my unit underneath his... the damage is extensive and he mentioned possibly just signing the title of his unit over to me... Is a short sale the best way to go about this kind of transaction? And what other issues should I be looking out for ? My first question for him will be to see that his taxes are paid up to date. Thank you for any insight.