Thanks.It's rampant In my area as well- kinda frustrating to see "insider" short-sales closing at half retail, but the banks don't care, and no one else has any right to intervene.

However, we have also found side-by-side multis built from the same plans at the same time (40 years ago) which had received different levels of maintenance and upgrades over the intervening years and had diverged sufficiently that estimates from one were not readily applied to the other.As Bill mentioned, you need to learn to walk the building while "rolling the tape" in your head.

I would make it the collective tenant's problem first before I would personally intervene.

This statute states, "...recording of such lis pendens...constitutes a bar to the enforcement against the property described in the notice of all interest and liens...unrecorded at the time of recording the notice unless the holder of any such unrecorded interest or lien intervenes...within 30 days after the recording of the notice."

Because somehow if he loses his job or is short one month, he could try to get your uncle to intervene on his behalf which could cause a riff in the family.

I think you waited to long to try to intervene.

It has created an artificial market do to govenment intervention which is scary, as we all know what usually happens when the government intervenes in the real estate market.

The government didn’t intervene until it was too late, so when they did a massive amount of money was needed.

I like to roll it all up into a spreadsheet documenting the date of the last update, performance and then I give it a green, yellow, red indicator that correlates with all good/ no problems, monitor, intervene / liquidate if applicable.

Obviously there were lots of good deals, and in the intervening years we've ended up with about 25 units over 10 buildings.