As the mortagtor we would like to forgo foreclosure.

All you gotta do to profit is find out what they're looking for, go get it, and when they show up to buy what you have, bill 'em appropriately!

Nicely done :) Second -thanks for going PRO right off the bat.

. - hope the tenant is perfect at maintaining the premises and hope that no major repairs or improvement come up in the next few years.Also, I don't understand why you would forgo higher rent and ultimately cash in your pocket with a tactic of "below market value, but I'm more interested in quality, long term, low turnover tenets".

In one apartment I listened to one song every morning for a year courtesy of a shared heating duct..

A little dry - maybe you could include a song and dance number in the next one. ;-)Great info though.

Enough money to forgo using his commercial building for anything else.

Did you trust your comps and just went by the numbers, or did you tend to trust you gut instinct and forgo making an offer?

There could be other issues as well.Check around with others as folks above suggested and see if you get the same song!

(Eminem's - One Shot song playing in my head).Thanks.