but I we left holding the bag and having to throw more money into the deal or walk after having invested significant cash in the deal to that point.

Marshal will take tenants but their stuff will stay in your place. and you can`t just throw this outside.

Would love to throw ideas around.

In my area in the area of the property it’s a stones throw to NYC with hundreds if not thousands of new apartments going up all around this property.

Because it just doesn't have that value to you anymore and it's more important for you to get rid of it now then have it take up space in your garage for the next year while you wait for top dollar.Don't throw away a Schwinn-Schwinn situation... sorry I had to :)

I also have 12% projected as management cost and I’m figuring that cost at full occupancy to remain conservative; however, based on conversations so far I believe I can get this down to 10% of rents collected.I see this property throwing off roughly $1,812in cash flow ($151/mth).

That is so weird, it could actually throw a seller off guard in a good way.

Throw out a high, but reasonable, number and see how they react.

To that I say "good for you", the poor guy's case dragged on for a while, and in his case, the judge didn't throw it out.And why was he sued?

Throw in syndications and private money and you can see the similarities.The reason I bring this up is because it seems like there is a very thin line between legal and illegal practices sometimes especially when it comes to borrowing money or raising money to invest.