The Arbitrage unit that we operate is owned by a friend, so we probably played a little fast and lose with our agreement with her. 

We have brand new duplex's in A and B areas there for the same price as a $550K townhome in Seattle.

This works best on used homes where the price is only a few thousand dollars, but if it is a brand new home worth tens of thousands you could offer to help them sell it.

You are playing a fine line this close to the extended date though.

I'll be interested in how they make the Experience "exclusive" to Airbnb as that seems like a terrible business model for the people hosting the Experience unless ABB cuts a check for them.IMO it is also a branding play to differentiate from VRBO, Booking, hotels etc.

If it's the case that the lender origination/broker fee increased last minute I would not be thrilled.Regarding LTV, are there any seasoning restrictions in play?

Gut it out until the end of January with this person and either a) play more hard ball about the vehicle and other stuff b) play it softer and just gut it out with them2.

I’ll play Devils Advocate and recommend paying off the debt first.

IMHO they are the worst properties Vegas has to offer although they have tripled or quadrupled in value in the last 10-15 years, that was the play, not the cash flow. 

Obviously we cannot force the borrower to sign so I said let’s foreclose because I think borrower is playing games.