Your explanation reveals a misunderstanding of how interest is calculated.

When this was further questioned, it was revealed that this infusion was an operating loan from the manager.

Given the condition revealed by the inspection, my initial response to run but want to make sure I'm not overreacting.

The Mortgagee would need to obtain an appraisal to reveal the borrower's equity.  

But again, he asked me about my personal finances making the call unprofessional and revealing his alterior motive.

The sale price won't be revealed until it closes.My best guess is that Covel will sell between $370,000 and $400,000.

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Searching online for terms such as “real estate investment firms”, “real estate syndicators”, “real estate private equity” and most likely about a dozen or more other search terms should reveal the websites of many syndication sponsors.

You are buying it “as is” your inspection revealed that it “is” worth less than you thought so you are offering a new “as is” price.

I cannot reveal the contracted price as that's not allowed but asking price was $410,000.