Quote from @Noah Laker: I'm a local broker and investor, and manage 100+ Airbnb properties for clients.

You have material information that effects the desirability and value of the property.

I would suggest reaching out to owners of multi family who have no loan on the property.

We also have investor loans that only require 5% down on new construction investment properties.

I personally know the person that owns the property and am close friends with him.

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

After getting the funds letter, which clearly states no appraisal was needed for this property, at the day of the closing, they came back and said no funds will be released until we get an appraisal.

This could make or break the marketing of the property.

This is my first time entering into commercial investing.I bought an old property which is in CRT (commercial residential Town/mixed use) zone.

You'll just add to your losses and still have the same mess to clean up.The process for abandoned property is to give written notice to the tenant at their last known address (your rental).