There is already a drop of $70,000 from what we paid and its possible worth but guess that shouldn't factor in as I need to work out whats left to pay and what we have put in primarily.Does anyone know my next move?  

I would certainly take advantage of declaring 2 different properties (or the 200% rule) in your first 45 days incase it doesn't work out. 

@Matthew Allen the key if you plan to hold the property, you need to work out what work it needs and add that to the cost. 

I look forward to following this post and hopefully seeing you finding success in a few markets that workout for you.Best of Luck,Adam Scheetz

I found a great deal,  I just need to work out the numbers. 

I would try to work out a mutually agreeable solution.

I've tried a few, a despite being based here - I farm my CPA work out to a company out your way. 

This can work out for you but your risk is in buying the correct property with good mechanicals and modest deferred maintenance. 

This would be illegal where I'm from and if the deal didn't work out and it went to court you'd be paying the $ back plus interest and court fees.They only owe you the security up front... and the rent on the 1st day of possession.

You could also be passive in a deal, but maybe work out an agreement where the general partners could involve you in their communications through emails or calls.