Otherwise, it may be worth losing the security deposit if the house is in really bad condition. 

I know it's not smart to try and "time the market", but what are your general thoughts on syndications / investment clubs in these current market conditions?

. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

This can be straightforward but may not be ideal if market conditions are unfavorable or if there are significant transaction costs.Partitioning the Assets: If there are multiple properties, you could divide them between yourselves in a manner that reflects the 50/50 ownership.

A client whom wanted to sell her home but was under water due to needed repairs vs current market condition How did you finance this deal?

You create tight rules not conditions, these guys lack experience or if they have the experience they are too micro-managing just by reading the OP.I don't work with people like this.

Evaluate the local market conditions and trends for multifamily properties in the area.

Look for properties with potential for value appreciation, understand local market conditions, and be prepared with financing options.

I'm talking (2) $60K duplexes, and one $125K fourplex all above 2.2% rent to price in fair/good condition. 

Then, find out how much they'd like to sell the property for given its current condition and local area comparable sales.