After a closer examination the appraisal was done after the property was built when the loan closed and was based on 100% occupancy.

Some economists estimate we are some 5 million housing units behind the demand.Home building recovery is just now gaining momentum, but is not expected to catch up to demand until something happens to dampen demand in a major way.So, you need to examine housing valuation to see what is driving it: supply vs. demand or is demand being stimulated artificially by availability of lending like it was in the run up to the crash.Hope this helps ...

Partnering with a Realtor can be troublesome when the market changes and he has cash flow problems.If you can examine his finances and determine he can stand alone w/o income from sales then an experienced investor partner, whether agent or not, may be a good fit.

However, your state may require a minimum number of years of experience before you can even sit for the broker's exam. In

Your advice, and that of others, forced me to re-examine this deal...which I realized wasn't until further notice.

Absent any better ideas, you could export similar data from QB to Excel to CSV, examine the CSV file format (in WordPad perhaps) and compare to what you have, that might give clues as to what's wrong with your CSV file.

This is why you have an engineer and foundation specialist examine, solution and cost.  

***************************************************************************************************************************Just a couple of side notes for future lurkers:Since I requested the examination, he said he was going to stick to the items I wanted adjusted.

I'd also examine if there is any investor activity (large or small in new developments in any neighborhoods adjacent to where you are considering purchasing. 

If you have examined the matter and have determined you are still in the right, you can turn it over to a collection agency and let them pursue it.