(Or more likely that balance plus every late fee, penalty, escrow shortages, and anything else the lender can declare owed.)

(If there is a PM, who will manage the PM and the oversight).Who will take care of the partnership return or forward the tax information if its a tenants in common property.Best of luck

In this order I would analyze the rate of return. 

I have yet to have one late charge added to a tenant.   

Not a bad return from appreciation alone. 

Since the loan is still in your name, you can deduct the interest you’re paying to the lenderon your tax return... 

I can't speak to Syracuse, but I've been working with a few folks lately that are looking at Rochester.

With the fund I used, they had a month where they had a few defaults, the return was a bit lower, and they sent out an email apologizing for the lower yield. 

While they often require some level of repair or renovation, the potential for significant returns makes them an attractive option for many investors.Why Invest in Distressed Properties in Phoenix?

Joe its all about NPV  and rate of return for investors.. either way your going to take a pretty big hair cut out of your equity to do what your wondering about.