Alternative route I chose, I will leverage my duplex (purchased 4 years ago) equity through house hacking to have skin in the game on next flip.

As for rent, the three parties agree on a fair rent for the apartment and that is what you pay the partnership every month in rent.

It sounds like you're trying to do right by your other tenants while also being fair to this one, but it’s clear the situation can’t continue.First, it’s great that you’ve already put quiet hours in place and handed out notices—smart move!

Luckily, my wife and would be in a position to buy their house from them at fair market value, if that is the best option? 

Those policies that weren’t forced on the plan of last resort, the state run California ‘Fair’ Plan are significantly underinsured.

However, I’m not sure how to accurately determine its value, given the configuration and the fact that it’s not fully rented.My Concerns:Determining Value: How should I calculate the fair market value for this type of property?

Now the facts for those of you who ARE fair minded:Notice the dates !!

I’m not the biggest fish in the sea but I’m doing it fairly well with 8 buildings and 31 units.

I just sat through a free webinar they put on and it was fairly informative for being free.

Most lenders require 6-12 months from acquisition seasoning before using the appraised current fair market value to calculate LTV.