Yes, the strategy certainly works, Buddy is right that there can be brain damage, time and attorney with court costs, it can be dragged out depending on the court, my experience is that it's about the same as other civil suits, but never had to go.Key too is the % of ownership in TIC, they may not be the same, so ensure the interests are the same or adjust the price accordingly.Usually, the other owner will raise heck thinking you can't do that, the first reaction, then they call an attorney and find out you can.

I first reaction was to offer much less and see how badly they wanted to sell.

i approached respectfully, told them i'd like to help them if they needed it...i even offered to buy the junk cars...i wouldn't even say they were offended..they were downright pissed off...luckily, all the other neighbors appreciated my efforts and said they'd been trying to get rid of those things for years..thus, i made friends with those neighbors who watched my property for me...not everyone will take it that bad...i've approached people with harsher words before and got positive reactions...she just happened to be a witch

He says we would need to use his title company, as that is how he structures his deals.I didn't yet ask what the terms of non-refundable would be, or how much he is expecting, but I don't like the idea and I can imagine my attorney's reaction to that.

Some sellers get extremely angry and combative when they receive a correctly priced (but low in their opinion) offer, and I want to avoid that initial reaction.

@Jerry WMy first reaction reading your response was.

I have heard mixed reactions about leasing out the laundry machines to a company 50/50.

My initial reaction is run away.Seeing you want to flip it is maybe a possibility.

Red flags all over the place.My reaction: After careful deliberation with my partner, I called the tenant to advise that the relationship was not working, and that I wanted to move forward with an eviction.

Only 3 bidders including me on this one, although I feel price is resonable ...my gut reaction tells me to not go ahead.