For now I simply wanted to share some data as we head into what could be a very active second half of 2024.This is a great time to buy an oceanfront condo. 

They may need to cut open the wall to dry it out and prevent mold growth.

However, I agree it’s better to just cut the losses now and learn from this crazy experience.

I have also had instances, where the appraiser cut value tremendously. 

If the tenant violates the lease in other ways by how the treat the property issue them a notice to correct and if they don't correct the issue you COULD try to evict, BUT I would make sure the issue is VERY VERY clear cut because I have trouble believing a magistrate will allow an eviction for petty things or something that isn't 110% clear to everyone involved. 

In my opinion, a more moderate quarter-point cut would have signaled confidence in the economy's underlying health.

Move on, cut your losses, learn from it and invest in better markets next time.

Yes, you can cut your hair yourself, you can floss and deep clean your teeth too , also prep your own avocado toast with your own squished Orange for drink.. 

My wife and I approached him to discuss buying it from him since it is simply sitting.

Everyone is not cut out to be a landlord and you are one of them.