I think you be right @Austin Faux!  

Hello All,This is my first time asking for help here in these forums, so please correct me if I make a faux pas. 

Do you have any assets you can sell until you resolve the situation such as stocks bonds coins jewelry etc?

Not covered: Jewelry, furs, watches, money, securities, documents or motorized vehicles, loss from war/flood/climate conditions (rust/mildew).

If the cost to build new is $200K a unit, it's easier to get comfortable buying a 1980's vintage multifamily property at $130K a unit, even if its features are not the quality of new construction.Before making a loan, a bank will consider DSCR, your balance sheet, and all three approaches, and anything else they can find to be worried about- because that is their job.

If the plan is to use leveling cement, and it needed a substantial amount of it, the added weight might cause it to get worse quickly without additional support.If you're good with renting it slightly below the average in your market and most of the rental homes are a similar vintage, I wouldn't mess with it.

We call various properties that are located in a 1 to 3-mile radius of the property under consideration that is of similar vintage and with similar amenities.

Makes me wonder why it has set so long because overall it is a very nice looking old vintage property with alot of updates.

Mountain View’s, STL airstrip 15 minutes away, Montana Sapphire custom Jewelry showing,  packaged beef offering for home, etc.

Tropicana's Fate: The Tropicana will be partly demolished and partly imploded for the ballpark, with plans to incorporate vintage signs into the design.