What you could doIs continue to pay that loan and have the owner also select finance you the balance.

There are continue developments (residential and commercial). 

Quote from @Mike Paolucci: Quote from @Lolo Druff: I am looking to buy my first investment property, and my goal is to continue building this portfolio every year until I can live off my rental income entirely.

If this concept is unfamiliar, then continue to ignore it.In closing: The dangers of shifting the timing of your income, expenses, and business transactions.A purely mathematical exercise may indicate some beneficial timing for this or that.

While I continue nurturing those realtor relationships (and patiently waiting for my phone to ring), I'm curious to explore other avenues for sourcing off-market deals.

From my experience, success in real estate investing starts with clearly defining your goals and continuously educating yourself through podcasts, books, forums, and courses.

With experience spanning nearly every aspect of real estate—except direct title work—I’ve had the opportunity to work closely with many talented vendors in the Indianapolis area.Today, I’m on the vendor side at Trojan Roofing Company, where I continue to serve the local community.

I changed my strategy from 2 years ago of acquiring more doors and "cash flow" to now looking at the asset if I continue to buy. 

Should I continue mediation or pursue legal action (considering the time and costs involved)?

Given the abatement option could you continue to occupy 15% of the building with commercial tenants while the rest of the building is converted or is that a logistical nightmare/ideally are you seeking different long term commercial tenants if you go that route?