The two options you proposed seem good and are pretty much what I had in mind. 

You can propose to them that they will be getting more money over a longer period of time while also receiving monthly income.  

Or you could sweeten the deal Curt proposes pulling out   $ 150,000 on a non recourse private money loan.  

If you would like to have me review the note and make a suggestion for action, please send me the note, and the proposed contract.Commercial notes often do have have terms not found in residential contracts, such as  valid due on sale, interest rate adjustments based on the business net income and net worth, prohibition of secondary financing, to name a few, all of which can accerate the note to demand payoff.

I would do what Ned proposed.  

The investor plans to rent it out, but we are going to propose to sell it.6.

What type of amortization are you proposing?

I am wondering how he could keep using 50k as a general estimate since it should vary from property to property how much a rehab would cost.His proposal was a 50/50 split of the profit.

You'll also need to get board buy-in to raise the dues and eventually put your proposal to raise dues at the next annual meeting along with justification... good luck and be patient...

In addition, the house in question is walking distance from the proposed south east beltline trail.My questions are below:1.